Bitcoin has steadied above $65,000, with the cryptocurrency rising to $65,209, as reports of a potential deal between Iran and Oman to reopen the Strait of Hormuz have eased concerns over the key shipping route.
The news has also lifted other risk assets, with Nasdaq 100 index futures gaining 0.45%, according to CoinDesk reporting.
This development is based on reporting from CoinDesk, which highlights the impact of geopolitical events on cryptocurrency markets.