Bitcoin surges to $78,213, a 4.73% 24h gain.

The current market state shows $BTC at $78,213, $ETH at $2,454.53 with a 5.10% 24h gain, and $BNB at $645.03 with a 2.79% 24h gain.

Trump's statement on Iran's commitment to open the Strait of Hormuz and the US plan to acquire enriched uranium led to a slump in oil prices, which in turn boosted risk-on assets like crypto. This development has significant implications for global geopolitics and commodity markets. Iran's Strait of Hormuz is a critical waterway for oil transportation, and any stability in the region could keep oil prices in check.

The short-term price impact of this news is a boost to $BTC, $ETH, and $BNB, as investors seek refuge in riskier assets. However, long-term effects may depend on the actual implementation of the US-Iran deal and its consequences on global markets.

I'm bullish on $BTC in the short term, expecting the momentum to continue.

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