US EditionBitcoin Breaks Two-Month High After Iran Reopens Strait Of Hormuz
Bitcoin climbed above $77,000 as Iran declared the Strait of Hormuz open and oil prices fell nearly 10%, analysts said.
- Bitcoin pushed above $76,000 as Iranian Foreign Minister Seyed Abbas Araghchi declared the Strait of Hormuz open for commercial vessels, drawing a swift thank-you from President Trump on Truth Social.
- The apparent reopening of the Strait of Hormuz sent WTI crude oil prices down nearly 10% to $85.90 per barrel, about its lowest level since shortly after the war outbreak in early March.
- Bitcoin climbed above its 100-day moving average, while Strategy moved back above its 200-week trend level, reversing a crash that sent prices tumbling to $60,000 in Feb.
- Separately, Axios reported that the U.S. and Iran are negotiating a plan to end hostilities; among discussion points is releasing $20 billion in frozen funds for enriched uranium.
- Technicians believe a sustained break to around $77,000 could set the stage for a return to significantly higher levels, as U.S. stock index futures are higher by about 1%.
32 Articles
32 Articles
Bitcoin Price Today: $77K as Hormuz Opens and Oil Crashes 10%
Rio Times Crypto & Perpetuals Brief Saturday, April 18, 2026 · Snapshot at 08:03 UTC The Big Three 1. Bitcoin surged above $77,000 after Iran declared the Strait of Hormuz “completely open” — the highest BTC price since early February — as oil crashed 10% and capital rotated from commodities into risk assets. BTC/USD trades […] The post Bitcoin Price Today: $77K as Hormuz Opens and Oil Crashes 10% appeared first on The Rio Times.
Why Bitcoin Made a Breakthrough on Friday
Key PointsWith that, investors piled into relatively risky financial assets.Exhibit A for this asset class -- cryptocurrencies.10 stocks we like better than Bitcoin › A sharp easing of geopolitical tensions on Friday led to a relief rally in financial assets considered to be risky. This particularly benefited cryptocurrencies, and even more particularly was a boon for Bitcoin (CRYPTO: BTC). It broke through a fairly narrow range it had been trad…
Ryan Kirkley: From Oil To Bitcoin, Markets Shift With Strait Of Hormuz News
In an interview with RFE/RL on April 17, Ryan Kirkley, CEO of blockchain payments company Global Settlement Network, explained the worldwide economic importance of the Strait of Hormuz, why markets are moving at varying paces, and why oil prices may already be turning.
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