Bitcoin recovered the $87,000 level as gains in U.S. technology stocks and hopes of easing tensions between the United States and Iran improved sentiment across risk assets. At 1:25 p.m. on Sept. 23 in Seoul, Bitcoin traded at $87,164 on Binance's USDT market, up 1.91% from the previous day, while it rose 0.99% to 116.801 million won on Upbit's won market. Ether gained 1.89% to $2,787.99, XRP jumped 7.84% to $1.6444 and Solana rose 2.3% to $119.59. Overnight gains in artificial-intelligence and semiconductor shares, including a 5.0% rise in Micron and a 0.66% increase in Nvidia, helped support the market, while the Philadelphia Semiconductor Index climbed 2.06%. Oil prices also fell after reports that Iran proposed reopening the Strait of Hormuz within a week if the United States eases military pressure. Brent crude for November delivery and West Texas Intermediate for October delivery fell 1.1% and 1.2%, respectively, moving below $100 a barrel. Expectations that cheaper oil could reduce inflation pressures further supported risk appetite.