Bitcoin Hits 10-Week High as Strait of Hormuz Reopens — Market Talk
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Bitcoin rises to another 10-week high after Iran's foreign minister Abbas Araghchi declared the Strait of Hormuz "completely open" to commercial vessels following a cease-fire between Israel and Lebanon. President Trump welcomed the move on his Truth Social but said a U.S. blockade of Iranian ports would remain in place until a peace deal is reached. "This process should go very quickly in that most of the points are already negotiated," he said. Earlier, Iran said it wouldn't accept any further temporary cease-fire between the U.S. and Iran and instead wants the conflict to "end here once and for all." Bitcoin rises 2.8% to a high of $77,532, LSEG data show. (renae.dyer@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260417004069:0/
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