Iran told the International Maritime Organization this week that non-hostile ships could pass through the Strait of Hormuz. That single statement was enough to send Bitcoin back above $70,000 — a level it had been struggling to hold as tensions between Washington and Tehran kept traders on edge. Related Reading: Shiba Inu Flirts With $0. 0000052 Support As Exchange Supply Swells A Volatile 48 Hours For Bitcoin The ride up was not smooth