<\/p>\n
A geopolitical breakthrough and strong ETF inflows converged to lift crypto markets on Friday.<\/p>\n
Bitcoin climbed back above $77,000 on Friday after Iran declared the Strait of Hormuz fully reopened to commercial shipping, the clearest geopolitical de-escalation since the US-Israel war on Iran broke out in late February.<\/p>\n
BTC was changing hands near $77,274, up 3.7% over 24 hours and 5.8% on the week after briefly topping $78,000 earlier in the session, per CoinGecko. The asset remains roughly 39% below its October 2025 all-time high of $126,198. Ether is trading around $2,425, up 4.1% on the day and 8% on the week.<\/p>\n Among other large-caps, XRP added 3.1% to $1.48, Solana rose 2% to $89, and BNB climbed 1.5% to $640. Total crypto market capitalization climbed to $2.7 trillion, with Bitcoin dominance at 57.2%.<\/p>\n Iranian Foreign Minister Abbas Araghchi announced the reopening in a social media post<\/a> on Friday, saying the passage for all commercial vessels through the strait is “completely open for the remaining period of ceasefire.” The announcement followed confirmation late Thursday of a 10-day ceasefire between Israel and Lebanon, a precondition Tehran had set in peace talks.<\/p>\n Oil prices dropped roughly 12% on the news. President Donald Trump said<\/a> the strait is “ready for full passage,” but added that the US naval blockade of Iranian ports “will remain in full force” until a formal peace deal is signed. <\/p>\n The strait normally carries roughly a fifth of global oil and liquefied natural gas supply, and the weeks-long disruption had been the single largest macro overhang on risk assets since the war began on February 28.<\/p>\nHormuz Reopening Fuels Rally<\/h2>\n
Short Squeeze<\/h2>\n