Bitcoin rose due to cautious optimism over the extension of the ceasefire agreement in Iran.

With preliminary optimism about the possibility of extending the ceasefire agreement in Iran boosting risk appetite, Bitcoin rose slightly. Reports from the media suggest that mediators are pushing for an extension of the ceasefire agreement, which is set to expire next week, and a second round of peace talks is being held after the initial negotiations collapsed over the weekend. However, progress has been slow. Furthermore, energy supply disruptions continue, with the US imposing a blockade on Iranian ports and Iran threatening to block shipping in the Persian Gulf, Sea of Oman, and Red Sea in response. Data from the London Stock Exchange Group shows that Bitcoin has risen by 0.1% to $74,937.