Bitcoin rises past $76,000, aiming at major breakout as oil plunges on Iran cooldown
CoinDesk
Bitcoin climbed above $76,000 as crude oil prices plummeted following Iran's decision to keep the Strait of Hormuz open.Summary
Bitcoin has surged past $76,000, signaling a potential breakout as markets react to a significant 10% drop in crude oil prices. This decline in oil follows an announcement by Iranian Foreign Minister Seyed Abbas Araghchi that the Strait of Hormuz will remain fully open to commercial traffic during the current ceasefire. While Bitcoin has struggled to maintain levels above $76,000 in recent sessions due to heavy sell walls and resistance, analysts suggest that a sustained move above $77,000 could trigger further upward momentum for the cryptocurrency.
(Source：CoinDesk)