Bitcoin rose slightly, investors weigh the latest developments in Iran's conflict.

Bitcoin rose slightly after a previous drop, despite the high uncertainty surrounding the Iran conflict following developments over the weekend. Iran announced on Saturday that it had revoked its decision to reopen the Strait of Hormuz, stating that the waterway will remain closed as long as the U.S. blockade of Iranian ports remains in effect. President Trump said on Sunday that a U.S. delegation will return to Pakistan's Islamabad for talks on extending a two-week ceasefire agreement set to expire this week. However, Tehran has not confirmed its participation in the talks. Chris Turner of ING Group stated in a report: "The market's main tone is one of concern, but also recognizes progress towards a solution." Data from the London Stock Exchange Group shows that Bitcoin rose by 0.1% to $74,759.