Investing.com– jumped above $76,000 on Friday after Iran declared the Strait of Hormuz completely open to commercial traffic during the ceasefire between Israel and Lebanon.
The world’s largest cryptocurrency rose 3.6% to $76,389.0 by 09:32 ET (13:32 GMT).
Bitcoin was set to gain over 8% for the week, but it has struggled to decisively break above the $75,000 psychological level after briefly topping it earlier in the week.
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Bitcoin supported by hopes of fresh US-Iran talks
Bitcoin moved higher on Friday after Iran declared the Strait of Hormuz fully open to commercial shipping as part of the ceasefire between Israel and Lebanon.
Oil prices fell about 11% on the announcement.
“In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” Foreign Minister Seyed Abbas Araghchi said in a post on social media. Vessels would still be required to use a “coordinated route” set by Iranian maritime authorities, he added.
U.S. President Donald Trump thanked Iran on social media.
Israel and Lebanon had agreed to a 10-day ceasefire beginning Thursday at 5 p.m. ET. Israel’s military campaign against Hezbollah, the Iranian-backed militant group operating in Lebanon, had been a central sticking point in talks between Washington and Tehran.
Trump had agreed to a two-week ceasefire on April 7 in exchange for Iran fully reopening the strait. Iran’s parliamentary speaker Mohammad Bagher Ghalibaf had accused the U.S. of breaching that agreement by allowing Israel’s continued military campaign in Lebanon.
Other risk assets also jumped, with the stock market index climbing near 7,100 after the market open.
Russia-linked Grinex faces cyberattack
Russia-linked crypto exchange Grinex has suspended operations after a cyber attack led to the theft of about 1 billion roubles ($13 million), the company said in a Telegram post.
The Kyrgyzstan-based platform said the breach involved highly sophisticated methods, suggesting the involvement of “foreign intelligence services.”
Grinex, which has been sanctioned by the U.S., UK, and European Union, said the attack was aimed at undermining Russia’s financial system.
Crypto price today: altcoins jump on Strait reopening; ETH up 4%
Altcoins also saw notable gains after Iran’s announcement.
World no.2 crypto jumped 4.3% to $2,409.
World no. 3 crypto gained 5% to $1.4763.
and rose about 5.5% each, while Polygon climbed 3%.
Among meme tokens, added 5.2%.
(Ayushman Ojha contributed to this report.)
