Bitcoin increased by 0.5% on Tuesday, continuing gains from the previous session, following reports suggesting that Iran may seek a ceasefire in the conflict with Israel.
However, cryptocurrency markets remain sensitive due to escalating tensions in the Middle East, while investors focus on the upcoming decision by the U.S. Federal Reserve.
At the same time, former U.S. President Donald Trump issued a strong warning to Iran as attacks between Tehran and Jerusalem continued unabated.
Meanwhile, the Bank of Japan kept interest rates unchanged, having no direct impact on cryptocurrency markets.
Bitcoin was trading around $107,066, staying within the usual range for the month of June.
