Bitcoin rebounds to $65K as S&P 500 recovers amid US-Iran tensions

Bitcoin climbed back to $65,000 for the first time in a week as the S&P 500 bounced from two-week lows. The move in BTC price coincided with fresh US statements that the Strait of Hormuz remained "open and operating" amid heightened US-Iran rhetoric. Markets responded to the geopolitical signals coming from the region.