Bitcoin holds above $64K amid Hormuz talks

Bitcoin's value has increased by 0.9% to reach approximately $64,300, amidst expectations of a possible escalation in the Strait of Hormuz following negotiations between the United States, Iran, and Oman, aimed at reopening this vital waterway. This comes amid optimistic signals about an agreement that could reduce tensions, leading to a decline in oil prices and encouraging risk-taking among investors, even though Iran is not directly involved in the negotiations. However, the cryptocurrency market has not significantly benefited from this atmosphere, as investors preferred shares of AI and technology companies, which posted strong earnings results, while the value of oil and Bitcoin saw only limited declines.

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