Bitcoin rises past $76,000, aiming at major breakout as oil plunges on Iran cooldown
CoinDesk·2h ago·Neutral
What Happened
Bitcoin rose above $76,000 as crude oil plunged nearly 10% following Iran's announcement reopening the Strait of Hormuz during ceasefire. WTI crude fell to $85.90 per barrel, lowest since March conflict. BTC gained 3% in 24 hours. Technicians suggest sustained break above $77,000 could trigger significant rally, though $450 million sell orders remain overhead.
Key Entities
BitcoinWTI Crude OilStrait of HormuzIranSeyed Abbas Araghchi