Bitcoin Surges Above $64,000 as Iran Optimism Boosts Risk Appetite

Bitcoin's price rebounded above $64,000 on Saturday after a volatile week of trading. The cryptocurrency had dropped briefly below $60,000 earlier in the week amid concerns over Middle East tensions and rising oil prices.

The market's sentiment improved later in the week as U.S. officials signaled progress toward a potential agreement with Iran. This helped lift risk assets such as stocks and other cryptocurrencies like Ether, which rose 0.87% to $1,676.53 and was up 5.70% for the week.

The rebound also came despite renewed scrutiny of Strategy's (STRC) largest corporate holder of Bitcoin. The company disclosed earlier this month that it sold 32 Bitcoins for about $2.5 million between May 26 and May 31 to help fund dividends on its STRC preferred shares.