Bitcoin is rising, as the market hopes that the conflict in the Middle East will soon come to an end.

Bitcoin rises as optimism about the potential end of the Iran war improves preference for risk assets, including cryptocurrencies. President Trump said that US military action in Iran could end in two to three weeks, while Iranian President Rouhani stated that Tehran has the "necessary intention to end the war" if certain conditions are met. Hargreaves Lansdown's Chief Investment Strategist Emma Wall stated in a report that while the prospect of war ending is welcome, "talk is cheap, but executing foreign policy is harder." Data from the London Stock Exchange Group shows that Bitcoin has risen 1.3% to a near one-week high of $69,168.