Bitcoin climbed above $73,000 on Monday even as U.S.-Iran peace talks collapsed in Islamabad over the weekend and President Trump ordered a blockade of ships transiting the Strait of Hormuz en route to Iranian ports.
The largest cryptocurrency by market capitalization is trading at roughly $73,113, per CoinGecko, up about 2.8% over the past 24 hours. Ether gained approximately 2.5% to $2,254. The total crypto market capitalization increased 2% to $2.55 trillion, per CoinMarketCap, while Bitcoin dominance approached 60% for the first time since early March.
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