Bitcoin Hits Three-Month High as Treasury Rolls Out New Iran Sanctions

Bitcoin climbed to a three-month high following the Treasury Department's announcement of new sanctions targeting Iran, according to Yahoo Finance. The move adds to a string of recent gains for the largest cryptocurrency by market value. Geopolitical sanctions announcements have periodically coincided with crypto rallies, as some investors treat bitcoin as a hedge against currency and capital-control risk in sanctioned economies. Separately, Galaxy Digital launched a new credit line on its GalaxyOne platform backed by bitcoin, ether and solana, adding another avenue for investors to borrow against crypto holdings without selling them. Whether the sanctions-driven demand persists or fades once headlines move on is unclear, and no specific price level for bitcoin was given beyond the three-month-high description.