According to the latest news, the Iranian Foreign Minister announced that due to the ceasefire agreement between Lebanon and Israel, Iran will open the Strait of Hormuz fully to all commercial ships. At the same time, reports indicated that the United States and Iran are communicating regarding a plan to end the war.

This news had an immediate impact on the market:
Increased risk appetite in the market: A noticeable decrease in geopolitical risks, significantly boosting global investor appetite for risk. Funds flowed from safe assets into stocks, cryptocurrencies, and other high-risk assets.
Lower oil prices: As the world's primary oil transportation route, the opening of the Strait of Hormuz led to a sharp decline in international oil prices (West Texas Intermediate crude fell by more than 12% at times), easing market concerns about inflation and energy crises, and further contributing to the rise of high-risk assets.
Overall increase in the cryptocurrency market: In this context, the cryptocurrency market experienced a strong rebound. Bitcoin surpassed the $76,000 mark decisively, and Ethereum also rose to approach the $2,400 resistance level. This rapid increase forced many short positions to close, with total liquidations over 24 hours exceeding $637 million, resulting in significant losses for short positions. $ETH $ETH