Cryptocurrency markets pushed higher after Iran signaled the reopening of the Strait of Hormuz, with a wave of short liquidations accelerating gains across major tokens and reinforcing bullish momentum.
Iran's move to fully reopen the Strait of Hormuz while Donald Trump keeps Iran's ships under blockade has left oil and Bitcoin trading the ceasefire headline by headline.
Bitcoin extends its breakout above prior resistance, signaling strong upward momentum as buyers push price to fresh local highs. The move reflects sustained demand and trend continuation, with bitcoin holding firm near peak levels. Key Takeaways: Bitcoin pushes toward $78K as strong buying momentum drives continued upside.
Against the backdrop of a mass transition of public miners toward AI computing — according to forecasts by Charles Edwards of Capriole, the share of “crypto revenue” in the sector will drop from 90% to 30% by 2026 — two polar-opposite expert views on network security have emerged in the industry.
Bitcoin's surge reflects reduced geopolitical risk, potentially stabilizing markets and influencing future investment strategies. Bitcoin surpasses $77,000 after Iran reopens Strait of Hormuz.
Bitcoin climbed toward $80,000 after Iran said the Strait of Hormuz was fully open to commercial traffic for the remainder of the ceasefire period, easing pressure on one of the world's most important energy chokepoints and triggering a broader risk-on move across markets.
Bitcoin (BTC) surpassed $76,000 after Iran announced the reopening of the Strait of Hormuz during the ceasefire period. WTI crude oil prices dropped nearly 10% to $85.90 per barrel, their lowest level since the conflict began in March.
Bitcoin spiked above $77,000 as stock indices set records, following word that Iran's Strait of Hormuz is open during the ceasefire.
US President Donald Trump took to Truth Social to announce that the Strait of Hormuz is now fully open for passage — a declaration that came hours after Iran's Foreign Minister, Abbas Araghchi, confirmed the waterway would be unblocked for all commercial vessels during the remaining period of the US-Iran ceasefire. Related Reading: Bitcoin, Ethereum Trading Expands As Charles Schwab Enters Crypto Market Trump Weighs In As Bitcoin Climbs Bitcoin reacted fast.
SEC guidance easing self-custody concerns lifted Bitcoin and DeFi, signaling more room for wallet-based crypto products outside old custody rules.
BTC just reached its highest price tag since early February.
Iran's foreign minister said the Strait of Hormuz will remain completely open for the remainder of the ceasefire.