Analyst: Bitcoin rises to one-month high

Bitcoin rose to a one-month high, continuing to gradually recover from recent extremely weak levels. Analysts say that US President Trump's attempts to persuade other countries to help escort ships through the Strait of Hormuz may be boosting higher-risk assets, but the situation remains uncertain and investors remain cautious. Louis Navellier of Navellier & Associates said that Bitcoin's recent gains largely reflect a moderate recovery after its "dismal performance" earlier this year, when the cryptocurrency fell below $60,000 in early February. He said, "For nervous investors, the US dollar and gold are the main safe havens." Data from the London Stock Exchange Group shows that Bitcoin rose 2.4% to $73,457, earlier hitting a high of $74,342.