As everyone was concerned about the Middle East situation, suddenly a positive news has emerged that has reignited the entire market. Iran announced that the Strait of Hormuz will remain fully open, and upon hearing this news, a strong buying pressure has been observed across risky assets worldwide.

The crypto market responded most strongly to this news. Bitcoin is now hovering around $77.55K, a significant level in the past two months. Other major assets have also participated in this upward trend — Ethereum, XRP, and Solana are all showing strong performance. The way this 24-hour news has impacted the market clearly shows how important geopolitical uncertainty is.

Iran’s foreign minister clarified that all commercial ships will be able to pass through this strait, but they must follow Iran’s designated coordinated route. This is no small matter, as the Strait of Hormuz carries about 20% of global petroleum transportation. When such strategic choke points remain stable, confidence among all parties increases.

Traditional markets have also reflected this positive sentiment. Both the S&P 500 and Nasdaq Composite have reached new highs, indicating that investors have returned with a risk-on attitude. When such 24-hour news is positive, all asset classes respond together.

We are now at a moment where geopolitical stability is acting as a major advantage for the markets. Such situations typically increase investment in risk assets, and crypto is at the forefront here. Monitoring the movements of these major assets on platforms like Gate is valuable, as such market activity can set long-term trends.