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Bitcoin rose slightly on Tuesday, continuing its gains from the previous session after some reports indicated that Iran is seeking a ceasefire in the conflict with Israel.

However, gains in cryptocurrency markets remained fragile as the conflict in the Middle East showed little sign of actual easing, while traders also remained risk-averse ahead of this week's Federal Reserve meeting.

Sentiment remained tense after U.S. President Donald Trump issued a serious warning against Iran, while Tehran and Jerusalem continued to exchange strikes against each other.