on Wednesday as investors monitor reports that the United States and Iran are moving closer to an interim agreement that could reopen the Strait of Hormuz. Despite the optimism, Iranian state media reported that any agreement could face delays if the United States continues issuing military threats. Source:On-chain analytics platform CryptoQuant also suggested Bitcoin remains in an undervalued area based on historical market cycles. While the indicator does not identify an exact market bottom, it suggests sentiment remains subdued despite Bitcoin recovering from recent declines. Concurrently, analysts are monitoring developments surrounding the CLARITY Act in the United States Senate.