Bitcoin takes another aim at $80,000 as stocks rise, oil drops on Iran optimism

The crypto asset rose nearly 3% over the past 24 hours. What to know : Bitcoin rose nearly 3% over the past 24 hours to about $78,700, extending gains as U.S. markets opened and risk appetite improved. Traders are watching whether bitcoin can decisively break above the $80,000 level, which many view as a key threshold that could attract new buyers. Oil prices edged lower after Iran reportedly sent a new proposal to restart talks with the United States, though supply concerns persist amid continued tensions in the Strait of Hormuz.