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 Derivatives Flash the First Warning Sign of a Quantum Selloff, Says Joshua Lim
TL;DR: The arrival of quantum computing is the greatest technical and political challenge in the…
Bitcoin, Ether Lead Sustained Gains for Crypto ETFs
Crypto ETFs extended their recovery with another day of inflows across all major assets. Bitcoin and…
Bitcoin Jumps as Iran Opens Hormuz Temporarily, but Traders Stay Wary
Bitcoin shot up after Iran said it would reopen the Strait of Hormuz to commercial ships. The move…
Most Important Bitcoin (BTC) Price Test in 2026, Ethereum (ETH) Hits Ceiling, XRP Will Go Parabolic If Price Growth Accelerates: Crypto Market Review
Market might go in the wrong direction if top-tier assets fail to regain momentum after key…
XRP, Bitcoin, And Everything In Between: Pundit Predicts What’s To Come
XRP and Bitcoin are back in focus as a crypto analyst lays out a bold timeline of events that could…
All eyes on Bitcoin this weekend as Iran is already disputing the US narrative on the Hormuz deal
Bitcoin rallied hard after Iran said it was reopening the Strait of Hormuz to commercial shipping.…
Bitcoin Bulls Call $125K Target as Funding Rates Crater to Three-Year Low
Funding rates just tanked. Hard. Bitcoin perpetual futures funding rates dropped to their most…
Bitcoin Price Prediction: BTC Bulls Target $125,000 as Funding Rates Hit Most Negative Since 2023
Bitcoin price prediction turned aggressively bullish early Friday as CoinDesk reported that…
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 Discloses $250,000 Bitcoin ETF Buy Amid Reserve Bill Push
Rep. Sheri Biggs disclosed a $250K IBIT buy as the Senate weighs a Strategic Bitcoin Reserve bill.…
The Mainstream Media Is LYING to You About Bitcoin!
A former Treasury Secretary warns the next crisis could be worse than 2008. Bond markets are…
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…
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 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.
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…
