Bitcoin price soared above $77,000 this morning after Iran declared the Strait of Hormuz completely open under a new ceasefire framework and President Donald Trump amplified the message with a post that highlighted full passage through the waterway. The move sharpened an existing risk-on rotation across global markets and pushed the largest cryptocurrency back toward a resistance band that has capped every rally since early February.

Iranian Foreign Minister Abbas Araghchi said the Strait of Hormuz is open to all commercial vessels for the remaining period of the ceasefire, tying the decision directly to a 10‑day truce between Israel and Hezbollah in Lebanon.

The announcement framed the reopening as part of a broader effort to align maritime security with de‑escalation along the Lebanon front, where skirmishes had threatened to derail parallel talks over the wider conflict with Tehran.

Trump seized on the development, posting that “the Strait of IRAN is fully open and ready for full passage. THANK YOU!” and repeating the message again after Araghchi’s statement circulated. The White House has cast a potential settlement with Iran as reachable within days, with Trump saying talks could take place this weekend and hinting at a meeting between Israeli and Lebanese officials in Washington within two weeks.

For energy and macro traders, a fully open Hormuz removes the worst‑case scenario that had hung over crude and shipping since early March. Oil prices slid as war and blockade premia faded, and that drop fed straight into crypto and equities, where investors have treated every sign of progress in the Iran track as a green light to add risk.