Bitcoin rises to $77,000 ahead of Fed decision as Trump preps for lengthy Hormuz block

Bitcoin remains stable near $77,000 as investors await upcoming Federal Reserve interest rate decisions and monitor rising oil prices. Brent crude surged past $111 per barrel following reports that President Donald Trump is preparing for a prolonged U.S. naval blockade of the Strait of Hormuz. While other major cryptocurrencies like Ether and XRP have seen declines, Bitcoin has maintained its price level, with analysts suggesting that supply-side selling pressure has diminished. Market participants are now focused on whether Bitcoin can maintain its support level of $75,000 in the face of broader macroeconomic uncertainty and potential central bank policy shifts.

(Source：CoinDesk)