Bitcoin shoots above $72,000 as optimism grows over Middle East ceasefire

Israeli Prime Minister Netanyahu reportedly has signaled a willingness to negotiate with Lebanon. What to know : Down earlier on Thursday as oil rose alongside growing questions about the supposed ceasefire in Iran, bitcoin reversed higher after Israeli Prime Minister Benjamin Netanyahu said his government would pursue negotiations with Lebanon over disarming Hezbollah. Bitcoin's gain continued a recent divergence from software stocks, with the cryptocurrency up about 9% over the past month while the iShares Expanded Tech-Software ETF is down 12%.