Bitcoin edged slightly lower amidst the uncertain situation in the Middle East.

The uncertainty of the Middle East conflict has reduced the demand for risk assets, causing Bitcoin to fall slightly. However, cautious hopes for peace agreements with Iran have limited its decline. US President Trump stated that the US and Iran are close to reaching an agreement, with negotiations possibly resuming this weekend. Meanwhile, a 10-day ceasefire agreement between Israel and Lebanon has come into effect. However, Reuters reported that the US and Iran have lowered their expectations for a comprehensive peace agreement, instead aiming to reach a temporary memorandum to prevent further conflict. At the same time, there are ongoing disruptions in energy supply, with the US extending its blockade of Iranian ports. Data from the London Stock Exchange Group shows that Bitcoin has fallen by 0.5% to $74,851.