Bitcoin rises to $77 000 amid approaching Fed decision, while Trump prepares for a long-term blockade of the Strait of Hormuz


Bitcoin trades within a narrow range just below the $77 000 mark amid a sharp rise in oil prices and geopolitical tensions due to a possible prolonged U.S. naval blockade of the Strait of Hormuz.
Major altcoins, including Ethereum, XRP, Solana, and BNB, have decreased over the past week, while dogecoin is the only token among the top 10 non-stablecoins to show growth, boosting Bitcoin's market dominance.
Analysts note that Bitcoin's subdued reaction reflects exhausted supply and reduced sensitivity to regulator and central bank news, with the $75 000 level considered a key support on the downside, and a return to the $80 000 mark is necessary to maintain the current rally structure.
Bitcoin shows no change, while everything around it moves.

The largest cryptocurrency, just below $77 000 on Wednesday during Asian hours, has increased by only 0.1% over 24 hours and decreased by 0.8% over the week, maintaining a narrow range despite Brent crude surpassing $111 per barrel on the Wall Street Journal report that President Donald Trump has instructed aides to prepare for a prolonged naval blockade of the Strait of Hormuz.
XRP-0.21%
SOL0.73%
BNB0.11%
DOGE6.13%
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