Bitcoin prices reclaim $70,000 on easing Middle East worries. Can they rise further?

Bitcoin prices climbed back above the $70,000 mark for the first time in four days as worries surrounding the conflict with Iran eased after remarks from US President Donald Trump.

The world’s largest cryptocurrency rose as much as 2.32% to $70,581 in early Asian trading on Tuesday, advancing alongside global equities, while oil prices declined. The rebound followed after Trump indicated that the conflict could be resolved “very soon.”