Bitcoin price soared above $77,000 this morning after Iran declared the Strait of Hormuz completely open under a new ceasefire framework and President Donald Trump amplified the message with a post that highlighted full passage through the waterway. The move sharpened an existing risk-on rotation across global markets and pushed the largest cryptocurrency back toward a resistance band that has capped every rally since early February.

Iranian Foreign Minister Abbas Araghchi said the Strait of Hormuz is open to all commercial vessels for the remaining period of the ceasefire, tying the decision directly to a 10‑day truce between Israel and Hezbollah in Lebanon. 

The announcement…

Read more on BitcoinMagazine