Bitcoin, Stocks Rally After Iran Confirms Strait of Hormuz Is Fully Open

Market Breakthrough: Bitcoin and Stocks Surge as Strait of Hormuz Reopens

The global financial markets experienced a wave of relief on Friday as Iran’s Foreign Minister, Abbas Araghchi, confirmed that the Strait of Hormuz is now “completely open” for commercial vessels. The decision is tied to the current ceasefire in Lebanon and represents the first major de-escalation in the region since the maritime blockade began in early March.

The news triggered an immediate “risk-on” rally across both traditional and digital asset classes, with investors pivoting away from safe havens as supply chain fears began to ease.

Bitcoin Reclaims $77,000 Amid Geopolitical Relief

Bitcoin ($BTC$) led the recovery in the crypto sector, surging over 4% to hit $77,000, its highest level since February. The reopening of the Strait removes a significant “uncertainty premium” that has weighed on crypto prices for weeks.

• Ethereum ($ETH$): Up 4%, currently trading near $3,450.
• Altcoin Momentum: Solana ($SOL$) and XRP also posted gains of 4-5% as global liquidity expectations improved.
  

Wall Street and Commodities: A Tale of Two Trends

While risk assets soared, the energy sector faced a sharp correction. WTI Crude fell as much as 11% intraday, dropping toward the $80 per barrel mark, as the threat of a global energy supply shock dissipated.

• Equities: The Dow Jones Industrial Average jumped over 950 points, while the S&P 500 and Nasdaq each gained more than 1%.
• The Trump Factor: US President Donald Trump confirmed the reopening on Truth Social, noting that the US is working with Iran to remove sea mines, though he clarified that a specific naval blockade on Iranian-only cargo remains in effect until a final deal is reached.
  

What to Watch Next: The April 22 Deadline

Traders should remain cautious. The current reopening is tied to a ceasefire that expires on April 22, 2026. If negotiations for a broader peace deal between the US, Iran, and Israel are not finalized by then, the Strait could face renewed restrictions.

For now, the “Hormuz Rally” has provided the market with much-needed breathing room. The key focus for the coming week will be whether Bitcoin can hold the $75,000 support and if oil prices stabilize near their pre-war averages.