Weekly Results: $BTC #bitcoin recovered to $108,000, and the head of the Federal Reserve supported crypto regulation. Last week, Bitcoin ended below $100,000 amid the potential blockage of the Strait of Hormuz by Iran. However, on Monday, the asset began to gradually recover.

On Tuesday, the first cryptocurrency sharply surged back to levels above $105,000 following a statement by U.S. President Donald Trump regarding the prospects of ending the conflict in the Middle East.

By Wednesday, Bitcoin quotes rose to $108,000, but by the end of the week, the coin traded in the range of $106,000-$108,000. On Sunday, digital gold attempted to break the upper boundary but reversed around $108,500. Currently, the coin is trading around $107,900.$BTC