Bitcoin price moved higher on Wednesday as markets reacted to signs that Iran may seek a full end to its conflict with Israel, not only a temporary ceasefire.

The shift in tone, reported by regional media and echoed in diplomatic signals from Washington, helped lift risk assets and pushed oil prices lower.

The Bitcoin price rose back above $72,000 after trading near $69,000 earlier in the session. The move followed reports that a one-month ceasefire could form part of a broader agreement that includes limits on Iran’s nuclear program and a pledge to avoid future weapons development. 

Traders treated the development as a step toward de-escalation in a conflict that has…

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