Bitcoin surged past $78,000, reaching an intraday high of $78,348. The rally pushed its 24-hour gains to 4.1% and its…
At 8:30 a.m. Eastern time on Saturday, bitcoin is trading just above the $76,000 range. The ceasefire tied to the strait’s brief opening remains fragile. Some reports indicate a deadline of around April 22. The U.S. blockade of Iranian ports stays in effect, and Iran has shown it will use the strait as leverage until that changes.
Both governments have now staked out public positions that leave little room for quiet resolution. Trump frames the situation as progress toward a nuclear deal. Iran frames Trump’s version of events as fiction. The waterway carrying a fifth of the world’s energy supply sits in between.
