Bitcoin retakes $78,000 as Trump declares Hormuz ‘open and ready for business’
The Block
Bitcoin climbed to $78,100 after Donald Trump announced the Strait of Hormuz is open for business following a ceasefire with Iran.Summary
Bitcoin reached a two-and-a-half-month high of $78,100 after U.S. President Donald Trump declared the Strait of Hormuz open for business amid a 10-day ceasefire. While the news served as a risk-on signal for crypto and equity markets, analysts remain cautious due to lingering uncertainty regarding the blockade's long-term status and overall market sentiment, which remains in a state of extreme fear.
(Source：The Block)