Bitcoin edged up on expectations for U.S.-Iran peace talks.

According to CoinMarketCap, a virtual asset market tracker, as of 8:30 a.m. on the 26th, the price of one bitcoin was $77,207, up 0.61% from 24 hours earlier. At the same time, Ethereum, the leading altcoin (all virtual assets excluding bitcoin), was $2,106, up 0.82% from the previous day.

A display board at the Bithumb customer center in Gangnam District, Seoul shows prices of virtual assets including Bitcoin./Courtesy of News1

The rise in the virtual asset market, including bitcoin, was seen as being driven by expectations that the Strait of Hormuz could reopen following U.S.-Iran peace talks. The United States and Iran were said to be close to signing a memorandum of understanding (MOU; Memorandum of Understanding) to reach a final agreement during a 60-day extension of the cease-fire.

The final agreement reportedly discussed reopening the Strait of Hormuz and the issue of highly enriched uranium. U.S. President Donald Trump also said he could accept handling Iran's stockpile of enriched uranium inside Iran or in a third country, raising the possibility of a deal.

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