Bitcoin Tops $70,000 as Traders Unwind Bets Amid War Tensions

Bitcoin climbed above $70,000 on Monday for the first time since March, as traders rushed to pull back bearish positions despite the lack of clarity on ceasefire negotiations in the Middle East.

The original cryptocurrency advanced more than 4%, surpassing $70,300 before paring some of the gain. Smaller tokens including Ether and Solana also rose.