Bitcoin rises to one-month high of $73,800, continuing to outperform since start of Iran war

Falling oil prices are helping, but a bounce seemed in the cards after some of the worst sentiment in bitcoin's history. What to know : Bitcoin rose sharply Friday, taking aim at the $74,000 level in morning U.S. trade. The gains began Thursday evening after U.S. Treasury Secretary Scott Bessent said the Trump administration was taking steps to ease oil price pressures. Funding positioning of perpetual futures traders has been negative for the longest period since the bottom of the last major bear market in 2022.