Bitcoin falls on hopes of cooling Iran conflict.

As hopes for a peace agreement with Iran's war fade, Bitcoin fell after hitting an 11-week high on Wednesday. Iran attacked three ships in the critical Strait of Hormuz, escorting two of them into Iranian waters, but White House spokeswoman Caroline Levitt said this does not constitute a violation of the ceasefire agreement. Mediators are working against the clock to get the diplomatic process back on track, and a meeting between the US and Iran could take place as early as Friday. Data from the London Stock Exchange Group shows that Bitcoin fell 0.3% to $78,225, after reaching a high of $79,480 on Wednesday.