The Bitcoin price reached 77,037 dollars this Friday, April 17, following the official announcement from the Islamic Republic of Iran regarding the opening of commercial traffic in the Strait of Hormuz. Iranian Foreign Minister Seyed Abbas Araghchi confirmed that the passage will remain open for the duration of the current ceasefire between Iran, Israel, and the United States. This geopolitical de-escalation triggered an immediate response in financial markets, where the leading digital asset rose 1% daily, consolidating a 5% weekly recovery according to TradingView data.
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, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran.
— Seyed Abbas Araghchi (@araghchi) April 17, 2026
The news had the opposite effect on the energy sector. While risk assets gained ground, Brent crude oil fell 10% to 85 dollars per barrel this same Friday. Investors interpret that free transit through this maritime route, vital for the global energy supply, drastically reduces the probability of a short-term supply shock. Donald Trump, President of the United States, confirmed through his official account on Truth Social that the main points of the deal have already been negotiated, allowing civilian navigation to normalize immediately.
Middle East de-escalation drives renewed appetite for risk assets
This capital movement reflects a notable drop in the global geopolitical risk premium that had kept market trends under pressure during recent months. The flow into Bitcoin is occurring simultaneously with a massive rally in traditional equities.
According to reports from The Kobeissi Letter published today, the S&P 500 index has added 7 trillion dollars in market value during the last three weeks of diplomatic negotiations. Those who liquidated positions in March fearing war escalation are now returning aggressively, prioritizing the liquidity of blockchain technology over traditional safe-haven assets like gold or oil.
The current dynamics suggest a structural shift in how the crypto market absorbs macroeconomic news. Unlike previous cycles, Bitcoin seems to behave more like a global liquidity barometer than a simple speculative asset. The partial resolution of the conflict in the Strait of Hormuz removes an obstacle to economic growth, allowing the Bitcoin price to reclaim technical resistance levels not visited since the start of hostilities. This optimism is reinforced by the end of the “mini crypto winter” recently mentioned by Wall Street figures such as Tom Lee.
Despite the optimism, the White House maintains a stance of operational caution. Trump warned that the U.S. naval blockade will remain in effect until the entire transaction with Tehran is completed. The plan discussed by Washington officials includes a complex exchange of 20 billion dollars in frozen funds from Iran in return for the country giving up its stockpile of enriched uranium. This negotiation is part of a three-page framework seeking to permanently stabilize the region beyond the temporary truce.
The market is now closely watching April 22, the day the two-week ceasefire formally expires. Any sign of renewal or breakdown in the dialogue will be decisive for asset adoption in the coming quarter. The stability of the Bitcoin price will depend on whether this commercial opening translates into lasting calm or if it is just a breather before new tensions arise.
This article is for informational purposes and does not constitute financial advice.
