Iran declares Strait of Hormuz fully open, Bitcoin flirts with $77K
Crypto Briefing
Iran reopened the Strait of Hormuz for commercial shipping amid a regional ceasefire, triggering a rise in Bitcoin and a decline in oil prices.Summary
Following the ceasefire between Israel and Lebanon, Iranian Foreign Minister Seyed Abbas Araghchi announced that the Strait of Hormuz is fully open for commercial vessels following designated routes. This geopolitical development led to a surge in Bitcoin prices toward $77,000, while crude oil and Brent crude prices saw significant drops of over 10%. President Donald Trump acknowledged the move by thanking Iran as the situation continues to develop.
(Source：Crypto Briefing)