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Bitcoin Reaches 12-Week High on Iran Deal Optimism
Bitcoin continued a slow ascent toward $80,000 on Monday as investors weighed the latest developments in the US-Iran standoff over the Strait of Hormuz.
The original cryptocurrency was up as much as 1.6% to $79,488, its highest level since Jan. 31, the last time it was above $80,000. It was trading around $79,100 at 12 p.m. in Singapore. Ether, the second-largest digital asset, gained as much as 1.7%.