Bitcoin prices edge towards $80,000 amid US-Iran uncertainty. What should investors do?

Bitcoin edged higher on Monday, continuing its gradual move toward the $80,000 mark, as investors assessed recent tensions between the US and Iran over the Strait of Hormuz.

The world’s largest cryptocurrency rose as much as 1.6% to $79,488—its highest level since January 31, when it last traded around $80,000—and was hovering around $79,100. Meanwhile, Ether, the second-largest digital asset, climbed 1.7%.