Bitcoin (BTC) has reached a three-month high, trading between $81,000 and $82,000, following reports of a potential peace agreement between the United States and Iran. The White House is reportedly close to finalizing a 14-point memorandum aimed at easing hostilities, which could impact key global trade routes like the Strait of Hormuz. This optimism has also contributed to a broader market rally, with the S&P 500 hitting a record high. Bitcoin's 25% increase since the conflict began contrasts with an 11% decline in gold, as investors pivot towards digital assets amid changing market dynamics. Institutional interest in Bitcoin ETFs is rising, suggesting a shift in investment strategies, where Bitcoin is increasingly viewed as a hedge against inflation, alongside gold. Analysts anticipate Bitcoin could trade between $68,000 and $84,000 if current trends persist, although uncertainties regarding the US-Iran negotiations remain.