Bitcoin rises to two-month high as Middle East tensions ease and boost risk appetite.

After the United States and Iran issued a series of conciliatory statements, leading to an optimistic mood in the market that the Middle East conflict is moving towards a resolution, Bitcoin rose to its highest level since early February. Bitcoin broke through the upper limit of the volatile range since the outbreak of the war in late February, rising above $78,000 for the first time since February 3rd. Bitcoin briefly rose 3.8% to $78,155. Other digital assets also rose in sync, with Ether rising 3.3% and XRP rising 2.4%, reflecting a broader return to risk appetite. The stock market rose as traders increased their risk exposure after Iran announced that the Hormuz Strait had been "fully open" to commercial shipping, while oil prices and the dollar fell.