Bitcoin is approaching the $80,000 mark, trading at $78,722 after gaining nearly 3% in the past 24 hours. The rally coincides with a rise in U.S. stock markets and improved risk appetite. This upward momentum follows reports of Iran proposing a new plan to the U.S. to revive negotiations, which has led to a drop in oil prices. The potential easing of Iran-U.S. tensions has contributed to market optimism, although supply concerns remain due to Tehran's blockade of the Strait of Hormuz. Traders are cautiously optimistic about Bitcoin's ability to surpass the $80,000 threshold, a key resistance level that could attract more buyers. Adrian Fritz, Chief Market Strategist at 21Shares, noted that breaking this level could trigger further upward momentum, with potential for the market to reverse if Bitcoin exceeds $85,000.