Updated 17 April 2026 at 14:56CoinCex editorial review
Bitcoin Climbs While Oil Drops on Iran's Strait of Hormuz Statement
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Bitcoin moved past $76,000 after Iran's foreign minister announced the Strait of Hormuz would remain open for the duration of the ceasefire involving the US, Israel, and Iran. Oil futures responded with a 10% decline.
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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