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Bitcoin climbed toward $80,000 after Iran said the Strait of Hormuz was fully open to commercial traffic for the remainder of the ceasefire period, easing pressure on one of the world's most important energy chokepoints and triggering a broader risk-on move across markets.

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Bitcoin (BTC) surpassed $76,000 after Iran announced the reopening of the Strait of Hormuz during the ceasefire period. WTI crude oil prices dropped nearly 10% to $85.90 per barrel, their lowest level since the conflict began in March.

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Solana tests a critical range as volume surges, while a confirmed close above $90 could mark the end of its six-month downtrend.

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Bitcoin spiked above $77,000 as stock indices set records, following word that Iran's Strait of Hormuz is open during the ceasefire.