Bitcoin Tops $76K as Iran Declares Strait of Hormuz Open
Cointelegraph
Bitcoin surged past $76,000 while oil futures dropped 10% after Iran announced the Strait of Hormuz is open.Summary
Bitcoin's price surpassed $76,000, and Brent crude oil futures fell by 10% to approximately $85 per barrel following Iran's declaration that the Strait of Hormuz is open to commercial vessel traffic for the duration of the current ceasefire. Iranian Foreign Minister Seyed Abbas Araghchi announced the opening on Friday, a statement later confirmed by US President Donald Trump. This development suggests a potential increase in risk appetite among crypto investors due to easing geopolitical tensions. However, the market remains cautious as the two-week ceasefire between the US, Israel, and Iran is scheduled to expire on April 22, leaving the possibility of renewed escalation.
(Source：Cointelegraph)