Bitcoin pushed to its highest level in a month on Tuesday as risk appetite returned to crypto markets after President Trump signaled his openness to renewed talks with Tehran even as the U.S. blockade of the Strait of Hormuz remains in place.
The largest cryptocurrency by market capitalization is trading at $75,420, up 5% over the past 24 hours and 10.5% on the week. Ethereum (ETH) is the standout among majors, gaining more than 7% to $2,360, up 14% on the week.
Total crypto market capitalization rose to $2.63 trillion, with Bitcoin dominance hovering near 60%.
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