Bitcoin climbed above $74,000 in mid-April, hitting its highest level in four weeks, tracking improved appetite for risk assets on hopes that the US and Iran may be open to resuming peace negotiations. The move came after US Vice President JD Vance said progress now hinges on Tehran following weekend talks that failed to produce a breakthrough. President Donald Trump also said Iran had made contact with his administration over possible peace talks, even as Washington continued a naval blockade of the Strait of Hormuz. Analysts noted that Bitcoin continues to outperform broader risk assets, remaining up more than 10% since the Iran war began, though they said a significant upside move may not occur until the US enacts the Clarity Act to establish clearer rules for digital assets. US SEC Commissioner Hester Peirce also said she favors a more permanent approach to defining broker rules in crypto markets.
