Bitcoin Price Charges Past $77,000 as Iran Says Strait of Hormuz Fully Open

Bitcoin's price surpassed $77,000 as Iran announced the Strait of Hormuz was fully open, easing fears of supply disruptions. The market's risk-on rally was fueled by this geopolitical development, leading to increased buying pressure and a boost in Bitcoin's value, highlighting the influence of geopolitical events on crypto prices.

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