Bitcoin Surges Past $76,000 After Iran Declares Strait Of Hormuz Completely Open

Bitcoin pushed past $76,000 as Iran’s foreign minister declared the Strait of Hormuz “completely open” for the remainder of the ceasefire, and the market reaction rippled across oil and broader risk assets.

“Bitcoin rises past $76,000, aiming at major breakout as oil plunges on Iran cooldown Iran's foreign minister said the Strait of Hormuz will remain completely open for the remainder of the ceasefire”

@coindesk

CoinDesk said the move came as “Bitcoin again pushed past $76,000” while “oil plunged nearly 10%” alongside the Strait-of-Hormuz announcement.

@coindesk

In the same reporting, CoinDesk quoted Iranian Foreign Minister Seyed Abbas Araghchi: “The passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” said Araghchi in an X posting.

CoinDesk added that the news sent WTI crude oil down nearly 10% to $85.90 per barrel, “about its lowest price since shortly after the outbreak of the war in early March.”

CoinDesk also put bitcoin at $76,400, saying it was “up 3 over the past 24 hours,” and it said U.S. stock index futures were “higher by about 1% across the board.”

Bitget’s repost of the same market framing echoed the same Araghchi quote and the same WTI figure of $85.90 per barrel, while also repeating that bitcoin rose to $76,400 “up 3 over the past 24 hours.”

Bitcoin’s price action was tied directly to the Strait-of-Hormuz reopening language, with multiple outlets linking the crypto move to the oil selloff and the easing of geopolitical energy risk.

The Strait-of-Hormuz reopening announcement did not just move bitcoin; it also drove a sharp repricing in oil futures, with outlets describing declines of more than 10% and specific benchmark levels.

Bitcoin News said the announcement specified that, as part of the ceasefire, the Strait of Hormuz was “completely open,” and it reported that “Oil futures plummeted” with “the WTI and Brent benchmarks falling over 10%, reaching below $90.”

Bitcoin News

In that same account, Bitcoin News said COMEX Brent futures fell “over 10% during the session, reaching $87.19,” and it described WTI futures moving “as low as $82.34.”

CoinDesk, by contrast, emphasized WTI down “nearly 10% to $85.90 per barrel,” and it framed the move as an “Iran cooldown” effect tied to the Strait being open.

CoinDesk also focused on the technical significance of the $76,000 area, saying “The $76,000 area has proven to be stiff resistance, but a sustained break above could set the stage for an even larger rally.”

It added that “Bitcoin was trading around the $76,000-$78,000 level in the days before the Feb. 5 crash that sent its price tumbling all the way back to $60,000,” and it described repeated attempts to break higher that were “met with a wave of quick selling.”

CoinDesk’s technicians believed that “a sustained break to around $77,000 could set the stage for a return to significantly higher levels.”

The crypto and oil moves were tied in the reporting to statements by U.S. President Donald Trump and to ongoing negotiations between the U.S. and Iran, including references to frozen Iranian funds and enriched uranium.

“Bitget App Trade smarter Open [](https://www”

Bitget

CoinDesk said the Strait-of-Hormuz reopening drew a “positive response from President Trump,” and it reported that Trump “quickly responded on Truth Social, thanking Iran for the full reopening.”

CoinDesk also described a separate Axios report about U.S. and Iran negotiating “over a three-page plan to end hostilities,” including “the U.S. releasing $20 billion in frozen Iranian funds in return for that country giving up its stockpile of enriched uranium.”

CoinDesk’s market framing linked the oil and bitcoin moves to those broader developments, saying “Oil prices slumped as Trump said Iran committed to open the Strait of Hormuz and the U.S. plans to acquire that country's enriched uranium as part of a deal.”

CoinDesk’s other report on crypto stocks added more detail about Trump’s remarks, quoting him in a Truth Social post: “Iran has just announced that the Strait… is fully open and ready for full passage,” and it said he added that “peace talks between the countries were progressing.”

That same CoinDesk report said “Reports that the U.S. is considering unfreezing $20 billion in Iranian assets” and “Trump's remarks about acquiring Iran's enriched uranium further boosted sentiment.”

It also quoted a market strategist, Matt Mena of digital 21shares, saying “The reopening of the Strait of Hormuz is the risk-on signal the global markets have been waiting for,” and it added that “By removing one of the most significant geopolitical chokepoints in the world, Iran has effectively uncorked a massive wave of liquidity and investor confidence.”

The market response extended beyond bitcoin into crypto-linked equities, where CoinDesk reported that digital asset treasury names led a broader surge of 10%-20% as bitcoin hit $78,000 on the Iran-talks backdrop.

CoinDesk said “Digital asset treasury firms rallied sharply with gains of up to 20%,” and it described “Crypto-linked stocks surged Friday, led by a sharp rally in beaten-down digital asset treasury firms.”

CoinDesk

It quantified the move in specific companies, saying “Trump-family-backed American Bitcoin (ABTC) jumped more than 21%, while Strategy (MSTR) surged 13%,” and it added that “Strive (ASST) and ProCap (BRR) added around 10%-11%.”

CoinDesk also reported that “Forum Markets (FRMM), an Ethereum-focused treasury firm that pivoted to tokenization, climbed 19%,” and it said “Solana-linked names like Solmate (SLMT) and Upexi (UPXI) gained 12%-11%.”

In the same report, CoinDesk said other digital asset-related stocks advanced, including “Coinbase (COIN) rose more than 6%, Galaxy (GLXY) gained 8%, and Bullish (BLSH) rose 4.5%.”

It also connected the equity rally to broader indices, stating “Just after the noon hour on the East Coast, the Nasdaq and S&P 500 were each higher by about 1.4%, both jumping to new record levels.”

CoinDesk’s report on crypto prices also said “ETH, XRP, and SOL posted 4%-5% gains,” and it described bitcoin’s technical breakout as “Bitcoin’s move above $77,000 marks its first decisive breakout since the early February selloff.”

While the core narrative across outlets was that Hormuz reopening and Iran-U.S. talks boosted risk appetite, the reporting also diverged on specific figures and on the timeline of the next negotiation round.

“Beaten-down digital asset treasury names lead crypto stock surge as bitcoin hits $78,000 Oil prices slumped as Trump said Iran committed to open the Strait of Hormuz and the U”

CoinDesk

Cryptonews.net said that “With the two-week ceasefire between the US and Iran nearing its end, a second round of talks is expected to take place,” and it added that “Axios” reported the U.S. and Iran “will likely hold talks in Islamabad on April 19.”

Cryptonews.net

Cryptonews.net also reported that Axios said the deal would involve “the US to release $200 billion in frozen Iranian funds in exchange for handing over its stockpile of enriched uranium,” which differs from CoinDesk’s $20 billion figure.

Cryptonews.net further quoted an Iranian statement that “the passage of all commercial vessels through the Strait of Hormuz is declared fully open for the remainder of the ceasefire period,” and it said Trump thanked Iran for reopening the Strait.

For oil, Cryptonews.net reported that WTI and Brent fell “by more than 6% during the day,” dropping to “$86.51 and $88.53 per barrel respectively,” and it said bitcoin rose by “1.5% in the last 24 hours, climbing above $76,000.”

Bitcoin News, meanwhile, reported “over 10%” declines and gave different benchmark levels, including Brent futures “reaching $87.19” and WTI “as low as $82.34,” while CoinDesk reported WTI down nearly 10% to $85.90 per barrel.

Looking ahead, CoinDesk’s framing emphasized whether bitcoin could sustain a break above the $76,000-$78,000 zone, saying “a sustained break to around $77,000 could set the stage for a return to significantly higher levels,” and it described the $76,000 level as “stiff resistance.”