Bitcoin $BTC$71,053.45 is currently trading at around $71,000 having risen by 0.25% since midnight UTC, adding to a broader 24 hour rally of 4%.

Asian hours were favorable to AI tokens, with bittensor (TAO) and FET$0.2338 adding 5.8% and 4.1% apiece. The rise followed comments from Nvidia CEO Jensen Huang, who claimed that artificial general intelligence (AGI) — a term for AI that matches the cognitive abilities of human beings — has already been achieved.

Still, the main market driver continues to be the war in the Middle East following fresh strikes in Tel Aviv and Lebanon on Tuesday. On Monday, U.S. President Donald Trump said a 48-hour ultimatum over the Strait of Hormuz had been put on hold following “good and productive”…