Bitcoin Price Hits Three-Month High as Geopolitical Tensions Ease

Bitcoin has surged to its highest level since January, reaching over $81,000 on Tuesday despite ongoing geopolitical tensions.

The cryptocurrency's value was boosted by the US assertion that its ceasefire with Iran remains intact, with US Secretary of War Pete Hegseth stating that 'Project Freedom' is a defensive effort focused on protecting commercial shipping from Iranian aggression.

Strategy, the world's largest corporate holder of Bitcoin, reported a significant operating loss in its quarterly earnings report, with unrealized losses totaling $14.46 billion. However, the company grew its holdings by 22% year-over-year to 818,334 bitcoins.