Bitcoin Price Charges Past $77,000 as Iran Says Strait of Hormuz Fully Open
Bitcoin Magazine
Bitcoin surged past $77,000 as Iran announced the Strait of Hormuz is fully open amid a regional ceasefire, boosting global market sentiment.Summary
Bitcoin climbed above $77,000 following an announcement from Iranian Foreign Minister Abbas Araghchi that the Strait of Hormuz is fully open under a new ceasefire agreement. President Donald Trump underscored the development, which helped alleviate concerns regarding oil supply and regional conflict. The price surge triggered a shift in market risk appetite, although the asset continues to face resistance near the $77,000 level due to negative funding rates and cautious sentiment from institutional investors.
(Source：Bitcoin Magazine)