0731 GMT - Bitcoin rises due to prospects of a deal between the U.S. and Iran that could potentially lead to the crucial Strait of Hormuz being reopened. This boosts risk appetite and helps crypto assets. However, bitcoin's gains are small and it remains well below the key $80,000 level, keeping within its recent trading range. Uncertainty remains over Iran. President Trump said Sunday he was in no rush to complete a deal and that both sides had to "take their time and get it right." Investors are also cautious due to recent outflows from bitcoin exchange-traded funds, analysts at Saxo say in a note. Bitcoin rises 0.8% to $77,210, LSEG data show. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
May 25, 2026 03:34 ET (07:34 GMT)
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