Bitcoin surges 4% to reclaim $75,000 level amid ongoing US-Iran war. Can it reach $80,000 soon?

Bitcoin prices rose to nearly a six-week high on Tuesday, March 17, as investors lapped up riskier assets, driven by optimism that market volatility linked to the Middle East conflict may be easing.

The world’s largest cryptocurrency rose more than 4% to $75,921 — its highest level since February 4 — before trimming some gains. Despite the gains, Bitcoin remains roughly 40% below its record peak reached in October.