Bitcoin spiked above $77,000 as stock indices set records, following word that Iran's Strait of Hormuz is open during the ceasefire.

BTC LAST two-month high on Friday after Iran declared that commercial traffic could flow freely through the Strait of Hormuz amid the ceasefire between Israel and Lebanon.

In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” Seyed Abbas Araghchi, Iran’s Foreign Minister, said in an X post before the opening bell.