Iran Opens the Strait of Hormuz, Bitcoin Price Rises to $77,000

Iran officially reopens the Strait of Hormuz to all commercial ships during the remaining ceasefire period on Friday (17/4/2026). Iranian authorities emphasize that the shipping lane is only open for trade activities, while military vessels are still prohibited from passing through the area. This policy takes effect to ensure the smooth flow of international logistics during the ceasefire period.
​Meanwhile, according to a report from Axios, the second round of peace negotiations between the United States and Iran is scheduled to take place in Pakistan this weekend, most likely next Sunday. The US is considering a deal worth 1928374656574839.25T to unblock Iran’s frozen funds in exchange for the surrender of uranium stockpiles. Based on the three-page peace plan draft, Iran is also required to place all its nuclear facilities under international supervision.
​The easing of geopolitical tensions has directly impacted the crypto market, with Bitcoin prices rising to the $77,000 level. The price surge occurred after concerns about global logistics disruptions began to subside. This condition also triggered a decline in US crude oil prices to $20 per barrel as the risk of energy supply disruptions worldwide diminishes.