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Blockchain Forum 2026, MoscowBitcoin Hits $78K as Trump Says Strait of Hormuz Is Fully Open Bitcoin surged on April 17 after the US President Donald Trump said the Strait of Hormuz was open again and 

Bitcoin Hits $78K as Trump Says Strait of Hormuz Is Fully Open
Bitcoin surged on April 17 after the US President Donald Trump said the Strait of Hormuz was open again and shipping passage was being restored.

In a Truth Social post, Trump wrote that Iran had announced the strait was “fully open and ready for full passage.” He added that sea mines had been removed, or were being removed, with the help of the United States.

Earlier today, Trump posted again that Chinese President Xi Jinping was “very happy” that the Strait of Hormuz was open or rapidly opening. He also said that a meeting coming up in China could be historic.

The market reacted fast as Bitcoin jumped to a 10-week high above $78,000, reaching around $78,400 for the first time since February 4.

At press time, $BTC is trading at $77,163 and is up 3% on the day. Over the past seven days, Bitcoin has been up 6.37%. Ethereum rose 3% after the announcement and is up 5.88% over the weekly period.

Why Markets Moved So Fast

The Strait of Hormuz is one of the most important oil shipping routes in the world, carrying roughly one-fifth of global crude supply.

Any threat to the route can push oil prices higher and pressure global markets. Reopening the passage reduces supply fears and lowers immediate stress in risk assets.

The rally also came as Trump claimed more progress in talks with Iran. He said both sides would work together to clear mines from the strait.

Trump also said a permanent peace deal between the US, Israel, and Iran was “mostly complete,” with more talks likely this weekend. He added Iran had agreed to suspend its nuclear program indefinitely and would not receive frozen US funds.

Conflicting Signals Remain

The rally came despite mixed responses from Tehran. Iranian lawmaker Mahmoud Nabavian rejected claims that the strait was fully open.

He said Iran would continue charging tolls on commercial shipping, and state-linked media reportedly repeated that pos

Bitcoin Hits $78K as Trump Says Strait of Hormuz I

Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestMarket Rally! Claim Your AirdropBitcoin held steady around $75,000 on Friday as investors digested reports that the U.S.-Iran 

Bitcoin held steady around $75,000 on Friday as investors digested reports that the U.S.-Iran conflict could end as early as this weekend. Summary Bitcoin price holds near $75K as Trump signals a potential U.S.-Iran deal, easing geopolitical tensions and lifting risk sentiment. Oil prices decline, and fear levels ease, pushing the crypto fear and greed index back to neutral territory. A confirmed deal could trigger a breakout above $76K, opening the path toward $80K and potentially $90K amid short squeeze dynamics. According to reports, U.S. President Donald Trump reiterated that the U.S. is close to coming to an agreement with Iran, potentially bringing a permanent end to the war between the two nations. In a statement at the White House, Trump noted that the U.S. and Iran could be meeting in Pakistan’s capital, Islamabad, this weekend. While an extension of a two-week ceasefire remains on the table, Trump suggested that it may not be needed as Iran is ready to sign a deal. “We’re going to see what happens. But I think we’re very close to making a deal with Iran,” Trump said. You might also like: Former Treasury Secretary warns of “vicious” fallout if U.S. Treasury demand weakens As part of its preparation for the summit, Trump had asked Israel to stop its attacks on Lebanon as a 10-day ceasefire was reportedly announced to allow negotiations to facilitate a permanent peace and security between the two nations. The U.S. and Iran war has largely been driven by political tensions in the U.S. and has drawn significant criticism from the public ahead of the mid-term elections taking place soon. The war in the Middle East that began on Feb. 28 has triggered the most severe oil price shock in history, fueling fears that a prolonged conflict could push the world into a global recession.  Following Trump’s renewed optimism today, crude oil prices fell in Asian tr

Bitcoin held steady around $75,000 on Friday as in

Claim1,200 USDT in the Monthly Creation ChallengeThe crypto market witnessed a strong surge as Bitcoin pushed above the $76,000–$78,000 zone, driven by improving global sentiment and easing geopolitic

Claim1,200 USDT in the Monthly Creation Challenge

The crypto market witnessed a strong surge as Bitcoin pushed above the $76,000–$78,000 zone, driven by improving global sentiment and easing geopolitical tensions. This breakout has opened the door for a potential continuation toward higher resistance levels, with bulls attempting to maintain control of the trend.

Bitcoin’s structure currently reflects strength, supported by an upward-sloping 20-day EMA and an RSI approaching overbought territory. A sustained move above $76,000 could confirm a bullish ascending triangle pattern, setting up a potential rally toward $84,000 and possibly extending to $92,000. However, failure to hold above key support levels may result in a pullback toward the lower boundary of the pattern.

Ether is also showing resilience, holding firmly above its short-term support near $2,235. Continued strength above the $2,415 resistance level could drive the price toward $2,800 and eventually $3,050. This would confirm a broader recovery structure, but a sharp rejection could still invalidate the bullish outlook in the short term.

XRP has started to regain momentum after reclaiming its 50-day moving average. With improving RSI and upward pressure building, the price may attempt to challenge the descending resistance trendline. A successful breakout could indicate a shift in trend, while failure may lead to a retest of lower support levels around $1.27.

BNB is showing signs of reduced selling pressure after moving above key averages. If buyers maintain control, the price may push toward $687, and a breakout above that level could extend the rally toward $730 and $790. On the downside, failure to hold current levels could keep the price ranging between $570 

The crypto market witnessed a strong surge as Bitc

In Trump news today, President Trump criticized Pope Leo XIV as “WEAK on Crime, and terrible for Foreign Policy” in a social media post that escalated a days-long public feud with the first American p

Trump and Pope Leo XIV Trade Escalating Blows Over the Iran War What Trump Said and When

Claim1,200 USDT in the Monthly Creation ChallengeHTX Community Spring Creation ContestVote to help HTX win & share 300 USDT!Hawkish signals in the minutes would add another layer of restraint. A hotte

Hawkish signals in the minutes would add another layer of restraint. A hotter CPI print next Friday would confirm that the oil move has arrived inside an already sensitive inflation backdrop.

That combination usually supports the dollar and squeezes speculative assets. XRP would then enter a zone where every part of its identity gets tested at once.

The company behind it has spent months expanding its institutional reach. The token itself would still need to show that investors are willing to price it as a beneficiary of payment-system stress.

Hawkish signals in the minutes would add another l

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto founder Joe McCann’s passport is sitting with Zanzibar police. He isn’t going anywhere until 

Crypto Exec Joe McCann Draws Scrutiny After Fiancée’s Death In Zanzibar

#In the latest generative AI news, CBS MoneyWatch reported that US households are actively making room in their budgets for AI subscriptions, backed by Bank of America Institute data showing the numbe

#In the latest generative AI news, CBS MoneyWatch reported that US households are actively making room in their budgets for AI subscriptions, backed by Bank of America Institute data showing the number of paying AI subscribers has surged 38% from the 2024 average. Summary Approximately 3% of Bank of America households paid for AI services in early 2026, with median monthly spend at $20, up 10.4% year over year, driven by growing use of tools like ChatGPT Plus, Claude Pro, and Gemini. The share of subscribers paying $21 to $40 per month jumped 50% year to date versus 2024, suggesting consumers are moving up the pricing tiers as they deepen their use of AI tools for daily tasks. Bank of America Research projects the US consumer AI market could scale to $75 billion annually as AI becomes embedded in productivity, search, entertainment, and personal assistant use cases. Generative AI news has moved from enterprise budgets to household spending lines. Bank of America Institute analysis of nearly 70 million consumer accounts found that the number of households making AI subscription payments is up 38% from the 2024 average, with median monthly spend sitting at $20 for those who pay, up 10.4% year over year. The market is still early: only around 3% of Bank of America households are currently paying subscribers. But the growth metrics tell a different story than the headline penetration number. Who Is Paying and How Much Higher-income households and younger generations make up the largest share of paying subscribers. But the Bank of America data shows expansion is happening beyond that base. Median AI spending growth was strongest among households earning $75,000 to $125,000 in February 2026, suggesting uptake among middle-income consumers who are integrating tools into professional and personal workflows rather than treating them as discretionary luxuries. The standard pricing tier across major AI platforms has consolidated around $20 per month, with ChatGPT Plus, Claude 

In the latest generative AI news, CBS MoneyWatch r

Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestDaily $5000U Airdrop Rain: Claim Yours Now! HYPE Technical Analysis The earlier rally followed a well-formed higher low on the

Daily $5000U Airdrop Rain: Claim Yours Now!

HYPE Technical Analysis

The earlier rally followed a well-formed higher low on the daily chart. After a higher high of $43.77 on March 18, HYPE started to pull back. It retested prior higher highs and eventually found support around $35 on April 2.

Afterward, HYPE resumed an uptrend from the higher low at $34.47, targeting an upward push. This time, it had a golden cross as further fuel for the rally. This bullish crossover happened between the 200-day and 50-day moving averages on April 6. The latter crossed over the former, signaling that bearish momentum has exhausted.

The price expansion continued, pushing HYPE past its former higher high of $45.77 yesterday before the current consolidation started. With no clear resistance around this area, analysts expect a further push higher.



HYPE Technical Analysis

#RaveDAO (RAVE) Explodes 1200% and Enters the Top 25 Crypto Rankings — Here’s WhyVertical increase: The $RAVE token went from trading below $1 to surpassing $21 in a few days in April 2026, achieving 

#RaveDAO (RAVE) Explodes 1200% and Enters the Top 25 Crypto Rankings — Here’s WhyVertical increase: The $RAVE token went from trading below $1 to surpassing $21 in a few days in April 2026, achieving a 1200% surge.
Real utility: The success is attributed to “sold-out” events in Hong Kong and anticipation for the Lisbon Dance Summit, scheduled from April 29 to May 2.
Historic ranking: With a rising market cap and million-dollar volume, the Web3 entertainment protocol solidifies its place among the 25 largest cryptocurrencies.
The RaveDAO ($RAVE) platform has been the star of one of the most impressive rallies in recent crypto market memory. The project, which merges electronic music culture with blockchain technology, climbed positions meteorically thanks to a combination of massive events and active community governance.



RaveDAO (RAVE) Explodes 1200% and Enters the Top 2

Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestDaily $5000U Airdrop Rain: Claim Yours Now! Bitcoin falls back to $76,000 as Iran reportedly shuts Hormuz again One of the big

Bitcoin falls back to $76,000 as Iran reportedly shuts Hormuz again

One of the biggest short squeezes of 2026 came and went in a single session.

Bitcoin climbed to $78,000 late Friday, triggering $762 million in liquidations across 168,336 traders with $593 million of that on the short side, per CoinGlass.

By Saturday evening hours in Asia, bitcoin had pulled back to $76,091, up just 0.8% on the day, as Iran broadcast that the Strait of Hormuz was closed to maritime traffic again less than 24 hours after its foreign minister declared it fully open.



Bitcoin falls back to $76,000 as Iran reportedly s

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