CoinWorld news: Bitcoin (BTC) rose when the U.S. market opened, and is now trading at $78,722, getting closer to the $80,000 mark. Over the past 24 hours, Bitcoin has risen by nearly 3%. Earlier this week, Bitcoin came close to that level, but failed to break through and then pulled back. At the same time, the stock market rose, while oil prices fell after Iran put forward a new proposal to restart negotiations with the U.S. Brent crude oil futures dropped 0.23% to $107.74 per barrel. Despite an improvement in market sentiment, supply concerns still remain. Traders are cautious about the likelihood of reaching an agreement. Adrian Fritz, Chief Market Strategist at 21Shares, said that if Bitcoin breaks through $80,000, it will attract more buyers and could trigger market momentum.

BTC2.61%
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