Bitcoin Reclaims $77K as Hormuz Reopening Fuels Risk-On Rally
Bitcoin (BTC) climbed above $77,000 Friday after Iran signaled the Strait of Hormuz had reopened during the current ceasefire window, easing concerns around global energy disruption and lifting broader risk sentiment. The move gained momentum after Donald Trump publicly confirmed the development, while falling oil prices and stronger equity markets appeared to reinforce bullish positioning across crypto.
Traders are now watching whether BTC can hold above the $76K–$77K zone, which some analysts view as a key breakout area. The rally also came as the broader crypto market added significant value, with major altcoins moving higher alongside Bitcoin. While optimism has returned, markets remain sensitive to geopolitical headlines tied to the April 22 ceasefire timeline and any shifts in maritime security around Hormuz.
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