Crypto

Bitcoin hits highest since February on Trump ceasefire extension

Bitcoin rose above $79,000 at one point, its highest level in about 2 1/2 months, as expectations of easing Middle East tensions boosted appetite for risk assets. The rebound followed U.S. President Donald Trump’s decision to extend a ceasefire with Iran for two weeks while keeping a port blockade. U.S. stocks also gained. Analysts also cited central bank gold buying and a surge in China’s silver imports, while warning risks remain.

Crypto

Galaxy research says 9,306 bitcoin still held in 518 U.S.-sanctioned addresses

Bitcoin addresses placed under U.S. Treasury sanctions still hold 9,306 bitcoin, according to compiled data on 518 addresses listed by the Office of Foreign Assets Control. The addresses have received a total of 249,814 bitcoin and sent out 239,708 bitcoin, leaving the remaining balance valued at about $707 million. The data highlight that some assets can remain on-chain even when sanctioned, despite restrictions on transactions by U.S. financial institutions and crypto exchanges.