BREAKING – Bitcoin Breaks $77K As Iran Reopens Strait Of Hormuz
US President Donald Trump took to Truth Social to announce that the Strait of Hormuz is now fully open for passage — a declaration that came hours after Iran’s Foreign Minister, Abbas Araghchi, confirmed the waterway would be unblocked for all commercial vessels during the remaining period of the US-Iran ceasefire. Related Reading: Bitcoin, Ethereum Trading Expands As Charles Schwab Enters Crypto Market Trump Weighs In As Bitcoin Climbs Bitcoin reacted fast. The leading cryptocurrency jumped sharply after Araghchi’s announcement and rose above $77,000 — its highest mark since....
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The crypto market suffered a slight dip on Saturday, April 18th, after the tensions in the Middle East took an interesting turn over the weekend. On Friday, United States President Donald Trump announced that Iran fully reopened the Strait of Hormuz (for the first time since March) for the free passage of oil vessels, with […]
Iran has launched a new maritime insurance platform for cargo moving through the Strait of Hormuz, with payments settled in Bitcoin, according to a report from Iran’s semi-official Fars News Agency. The project places Bitcoin inside one of the world’s most politically sensitive shipping corridors, where energy flows, sanctions pressure and maritime risk have become […]
The US-Iran war continues to linger with the two countries yet to reach a deal, and US President Donald Trump is threatening new strikes against Iran. Amid this, Iran has moved to launch a Bitcoin-backed service as it looks to assert control over the Strait of Hormuz. U.S.-Iran War In Focus Amid Trump’s Threat and New Bitcoin Service According to a Reuters report, US President Donald Trump has threatened that a new US attack on Iran could happen in the coming days if both sides fail to reach a deal. This came amid his revelation that he was close to ordering a strike against Iran earlier....
On April 17th, Bitcoin rose by 2.77%, after Iran declared the Strait of Hormuz commercially open for the rest of its 10-day ceasefire with the US. With the market anticipating further upward movement, an on-chain analysis suggests a retracement could be the next event. Related Reading: BREAKING – Bitcoin Breaks $78K As Iran Reopens Strait Of Hormuz On-Chain Metrics Signal Imminent BTC Pullback In a recent QuickTake post on CryptoQuant, on-chain analyst MAC_D outlines a confluence of metrics signaling a possible price retracement. MAC_D highlights that, as Bitcoin grows, readings from the....
Iran’s Foreign Ministry came out swinging on Sunday, accusing the United States of committing war crimes through what it described as an unlawful naval blockade — a charge that landed just hours after US President Donald Trump accused Tehran of firing in the Strait of Hormuz and breaking the terms of an active ceasefire. Related […]