Bitcoin experienced a notable rebound on Monday, climbing to $72,100 after hitting a low of $70,500 over the weekend. This recovery was fueled by reports that Iran might consider abandoning its uranium enrichment program as a concession to de-escalate ongoing tensions. The market had been anxious following Vice President JD Vance's departure from Pakistan without a peace agreement, which initially triggered the drop in Bitcoin's value. The US naval blockade of the Strait of Hormuz, which took effect at 10 AM ET on Monday, added to the geopolitical tension. Iran's military responded with a stern warning, stating that 'no port in the region will be safe,' highlighting the precarious balance between military actions and potential diplomatic solutions. In response to the positive sentiment surrounding Bitcoin, crypto-related stocks also surged, with Circle (CRCL) up 8.3%, Coinbase (COIN) rising 3.1%, and Strategy (MSTR) increasing 1.5%. The Nasdaq index reversed earlier losses to trade up 0.3%, indicating a broader market recovery linked to developments in the Iran crisis.