BREAKING: Bitcoin Soars, Oil Plunges as Trump Declares Strait of Hormuz OpenBitcoin’s price is on the move again on Friday after US President Donald Trump took to his social media platform to inform that Iran has reopened the Strait of Hormuz as it promised over a week ago.
In contrast, oil prices plummeted, with USOIL plunging to a five-week low of under $80 per barrel before it recovered slightly to just over that level as of press time.
“IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!” – reads the post on Truth Social by Trump.
This is the latest, more positive development on the war in the Middle East after the US and Iran announced a two-week ceasefire last Tuesday. Although last Saturday’s peace talks failed, both sides are expected to continue the negotiations and could even extend the ceasefire.
BTC reacted with an immediate price pump that drove it to almost $77,000 in minutes after Trump’s statement went live. The cryptocurrency last traded at such prices in early February, shortly before it plunged to a 1.5-year low of $60,000.
BTCUSD April 17. Source: TradingView The post appeared first on CryptoPotato.
read the full story
Bitcoin’s price is on the move again on Friday after US President Donald Trump took to his social media platform to inform that Iran has reopened the Strait of Hormuz as it promised over a week ago.
In contrast, oil prices plummeted, with USOIL plunging to a five-week low of under $80 per barrel before it recovered slightly to just over that level as of press time.
“IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!” – reads the post on Truth Social by Trump.
This is the latest, more positive development on the war in the Middle East after the US and Iran announced a two-week ceasefire last Tuesday. Although last Saturday’s peace talks failed, both sides are expected to continue the negotiations and could even extend the ceasefire.
BTC reacted with an immediate price pump that drove it to almost $77,000 in minutes after Trump’s statement went live. The cryptocurrency last traded at such prices in early February, shortly before it plunged to a 1.5-year low of $60,000.
The post appeared first on CryptoPotato.
read the full story
Bitcoin Breaks Free from Nasdaq as Correlation Suddenly Collapses
TL;DR Bitcoin-Nasdaq correlation has fallen to around -0.20, marking one of the weakest alignments…
Bitcoin Whales Offload 36,000 BTC in Just Days, Raising Selloff Fears
TL;DR Whale wallets holding 10,000 to 1 million BTC sold more than 36,000 BTC in under a week,…
Bitcoin Cracks 7-Month Ceiling. Can Bulls Push It Higher?
The price of Bitcoin breaks a seven-month downtrend as geopolitical shifts and prediction markets…
Rep. Sheri Biggs Doubles Down on Bitcoin, Buys Up to $250K of BlackRock's ETF
Rep. Sheri Biggs purchased up to $250,000 worth of BlackRock's spot Bitcoin ETF last month, padding…
Bitcoin Breaks 100-Day Moving Average as Strategy Surges on $77K Push
Bitcoin technical analysis turned decisively bullish Thursday as BTC cleared $77,000 and climbed…
When Quantum Computers Come for Your Bitcoin: What Classical Property Law Says Happens Next
A look at the legal aspects and relevant laws regarding a hypothetical theft of bitcoin utilizing…
$815,420,000 in Bitcoin and Crypto Liquidated As BTC Surges Above $78,000
Traders betting against Bitcoin and crypto are witnessing a cascade of liquidations as Iran…
Bitcoin Price Prediction: Third $76K Rejection Extends Two-Month Stalemate
Bitcoin price prediction turns cautious as BTC failed to sustain its third breakout attempt above…
Bitcoin Touches $78,000 As Iran Declares Strait of Hormuz 'Completely Open'
A geopolitical breakthrough and strong ETF inflows converged to lift crypto markets on Friday.
Bitcoin Hits $78,348 as Strait of Hormuz Reopening Ignites Global Relief Rally
Bitcoin surged past $78,000, reaching an intraday high of $78,348. The rally pushed its 24-hour…
How Ceasefire Headlines Have Fueled Bitcoin Gains in April
There has been a pattern repeating in the last few weeks: ceasefire report, price jump, skepticism,…
Crypto market liquidations hit $820M as Bitcoin price taps $78K
Nearly a billion dollars in leveraged crypto positions were liquidated in the past 24 hours as the…
Strategy Shares Pop as Bitcoin Holdings Flip Green, Near $61 Billion
The Bitcoin-buying firm’s stockpile had shown losses on paper since early February.
Bitcoin Price Soared Past $78K as Trump Says Iran Agreed to Halt Nuclear Program
The total crypto market cap surged to a multi-month peak of over $2.7 trillion.
Price predictions 4/17: BTC, ETH, XRP, BNB, SOL, DOGE, HYPE, ADA, BCH, LINK
Bitcoin pole vaulted to $78,000 and altcoins soared after Iran said that the Strait of Hormuz was…
Singapore Gulf Bank adds stablecoin mint and redeem for 24/7 settlement
The Bahrain-based lender lets institutional clients convert fiat currency to US dollar-pegged…
French finance minister backs euro-pegged stablecoins to compete with US
The country's finance minister supported the Qivalis initiative, launched in 2025, to create a…