Crypto markets pushed higher after Iran and USA confirmed a ceasefire, sending Bitcoin above $71,000 for the first time in weeks. But alongside the rally, a second - more structural - narrative is emerging: Iran is reportedly preparing to require oil tankers transiting the Strait of Hormuz to pay tolls in Bitcoin or other crypto assets.
Investors gained access to an ETF that's designed to avoid the U.S. trading session, offering exposure to Bitcoin while Wall Street sleeps.
Iran will demand shipping companies pay tolls in Bitcoin (CRYPTO: BTC) for oil tankers passing through the Strait of Hormuz during the two-week ceasefire, directly contradicting President Trump's demand for “complete, immediate, and safe opening” of the waterway. The Bitcoin Toll System Hamid Hosseini, spokesperson for Iran's Oil, Gas and Petrochemical Products Exporters' Union, told the Financial Times that Iran wants to collect tolling fees from any tanker passing and assess each ship.
Bitcoin is soaring. The cryptocurrency reaches $72,700 on Friday, its peak in 18 months, right after Donald Trump makes a surprise announcement about Iran.
The broker said advances in quantum computing are accelerating the timeline for crypto risk, but argued Bitcoin faces a multi-year upgrade cycle, not an existential crisis.
A tracked whale address on Hyperliquid reopened a short position reportedly worth $10.09 million shortly after being liquidated on a previous Bitcoin short, according to on-chain monitoring attributed to analyst Ai Ai (@ai_9684xtpa). The move came as BTC briefly spiked near $72,800, wiping out the trader's earlier 500 BTC leveraged short and signaling persistent bearish conviction from at least one large market participant.
The Strait of Hormuz was just reopened, will passage be paid in bitcoin?
BlackRock ETF wallets moved $49m in BTC and ETH into Coinbase Prime, extending a months‑long pattern that turns ETF flows into a live gauge of institutional positioning. BlackRock moved 8,513 ETH and 416.
The bank boasts "the largest network of financial advisors [with] 16,000 advisors managing $6.2 trillion" according to an analyst.
Bitcoin surged above $72K as a US-Iran ceasefire eased geopolitical fears, boosting risk appetite. Traders now watch whether BTC can hold the breakout.
Bitcoin miner Cango said it sold 2,000 BTC to pay off debt and cut its BTC production cost by 19% as part of its strategic pivot to energy and AI infrastructure.
Bitcoin (BTC) has benefited from the recent ceasefire announcement, with the price rising nearly 4% to over $71,000.