Bitcoin’s price jumped significantly yesterday, reaching a high of over $78,000 – a level it hasn’t seen in ten weeks. This increase followed comments from US President Donald Trump stating the Strait of Hormuz was open.
This recent positive trend might be at risk, as Iran’s parliamentary speaker, Ghalibaf, has disputed several claims made by the U.S. President.
All Were False
Yesterday, Trump announced on social media that the Strait of Hormuz had reopened, stating that significant progress had been made towards a lasting peace agreement. He later reiterated this, claiming the deal was nearly finalized, with further discussions planned for the weekend. Crucially, he also stated that Iran had agreed to permanently stop its nuclear program.
Initially, Iranian officials announced the Strait would reopen. However, they later clarified that continued U.S. sanctions would lead to restrictions on passage. According to Ghalibaf, any ships traveling through the Strait would need Iranian permission and would be required to follow a specific, designated route.
He stated that decisions about the Strait – whether it’s accessible and what rules apply – will be made based on real-world conditions, not online discussions.
Ghalibaf added that Trump made seven different claims within an hour, all of which he said were untrue. He emphasized the importance of controlling the media and shaping public opinion, but asserted that Iran wouldn’t be fooled by such tactics.
Will BTC Falter?
Bitcoin prices jumped right after Donald Trump first spoke about it, quickly rising to around $77,000. As Trump tried to calm things down, Bitcoin continued to increase in value, reaching $78,400 – a level it hadn’t seen since early February.
The price briefly dropped but is now hovering just above $77,000. This increase was largely due to easing concerns about the Middle East, so if reports about Iran are accurate, the upward trend could quickly stop.
Typically, Bitcoin’s price stays fairly steady on weekends unless something big happens. However, it often dips a bit when traditional futures trading starts on Sunday evening. The recent drop to $77,000 isn’t a major concern, but we could see more price swings over the next couple of days.
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2026-04-18 09:16