Bitcoin jumps on geopolitical tensions

Bitcoin experienced a significant price surge, driven by escalating geopolitical tensions and rhetoric surrounding potential U.S. negotiations with Iran. Former President Trump's statements regarding progress in ending the conflict, coupled with a stark warning about obliterating Iranian infrastructure if a deal falters, created market uncertainty. This volatility in global affairs often leads investors to seek perceived safe-haven assets like Bitcoin, contributing to its upward movement as traders react to the shifting international landscape and potential economic disruptions.