Bitcoin Climbs to Two-Month High Amid Middle East Deal Optimism

Bitcoin rose to the highest level since early February after a flurry of comments from the US and Iran sparked optimism that the conflict in the Middle East may be heading toward a resolution.

The original cryptocurrency broke through the higher bound of the narrow range its been trading in since the war broke out in late February, topping $78,000 for the first time since Feb. 3. Bitcoin rose as much as 4.1% to $78,343, before paring the increase.