🚀 Bitcoin Just Hit a 10-Week High - And It’s Not Just Crypto Driving It
When $BTC suddenly pushes to new highs, there’s usually a bigger story behind it -and this time, it’s coming from global politics. Bitcoin climbed to ~$77,500 right after news that the Strait of Hormuz is fully open again, following a cease-fire between Israel and Lebanon. With one of the world’s key trade routes back online, markets quickly shifted into risk-on mode - and crypto followed.
✔ BTC jumped about 2.8% on the update, showing just how tightly it’s still connected to macro news. But don’t get too comfortable - tensions aren’t fully gone. The U.S. is still applying pressure on Iran, and negotiations are ongoing. So while momentum is clearly building, volatility is still very much in play.