Bitcoin traded in a tight band over the weekend, caught between support at $72,500 and resistance at $75,000. The range follows President Donald Trump's announcement of a potential Iran deal to reopen the Strait of Hormuz.
Bitcoin briefly reclaimed the $74,000 level on May 29 after Trump said he would make a final determination on an agreement requiring the strait to reopen for unrestricted traffic, with mines removed and tolls prohibited. Iran responded that no agreement had been finalized and described Trump's account as partly inaccurate.
