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Updated 17 April 2026 at 07:26 pmCoinCex editorial review

Bitcoin Climbs Past $76,000 While Oil Drops 10% on Strait of Hormuz Update

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Bitcoin moved above $76,000 and oil futures declined roughly 10% after Iran's foreign minister stated the Strait of Hormuz would remain open for the duration of the ceasefire involving the US, Israel, and Iran.

Bitcoin surged above $76,000 as oil futures fell 10% after Iran’s foreign minister declared the Strait of Hormuz open for the remainder of the ceasefire between the US, Israel and Iran.
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Bitcoin Climbs Past $76,000 While Oil Drops 10% on Strait of Hormuz Update