Bitcoin rose by 2% overnight, briefly hitting $80,0000, marking its highest point since late January.
The cryptocurrency rose as stocks traded mixed in pre-market, while traders analyzed the latest developments in the Middle East conflict.
The advance was not limited to Bitcoin, as other tokens, including Ether, also moved higher, trading at $2,341, up 1.2% over 24 hours.
The surge followed President Trump’s announcement of “Project Freedom,” an initiative aimed at enabling safe passage for neutral international ships currently stuck in the Strait of Hormuz amid the US-Iran conflict.
Bitcoin has shown resilience during the Iran war, outperforming stocks and gold, rising around 20% since the war began.
By CEO NA Editorial Staff
