{"id":530684,"date":"2026-04-17T15:22:48","date_gmt":"2026-04-17T14:22:48","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=530684"},"modified":"2026-04-18T16:02:59","modified_gmt":"2026-04-18T15:02:59","slug":"bitcoin-jumps-towards-80000-after-strait-of-hormuz-shipping-route-declared-open","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-jumps-towards-80000-after-strait-of-hormuz-shipping-route-declared-open\/","title":{"rendered":"Bitcoin price jumps towards $80,000 after Strait of Hormuz shipping route declared open"},"content":{"rendered":"<p><em><strong>Editor\u2019s note:<\/strong> Since publication, Iran has moved to close the Strait of Hormuz again, and Bitcoin has pulled back from Friday\u2019s rally to around $76,400 on Saturday, April 18, trimming the earlier risk-on move.<\/em><\/p>\n<p><a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116420194853200133\">Bitcoin<\/a> 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\u2019s most important energy chokepoints and triggering a broader risk-on move across markets.<\/p>\n<p>The largest cryptocurrency rose 5% on the news to as high as $77,700, according to <em>CryptoSlate<\/em> data. The move extended a weeklong rebound that has <a href=\"https:\/\/cryptoslate.com\/ceasefire-calmed-hormuz-panic-bitcoin-still-faces-oil-risk\/\">lifted Bitcoin nearly 7% from below $70,000 to its strongest level since the early February crash.<\/a><\/p>\n<div class=\"cs-coin-shortcode cs-coin-card\" role=\"group\" aria-label=\"Bitcoin market data\"> <div class=\"cs-coin-card__header\"> <div class=\"cs-coin-card__identity\"> <a class=\"cs-coin-card__logo\" href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\" aria-label=\"Bitcoin\"> <img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/09\/bitcoin-logo-150x150.jpg\" class=\"cs-coin-card__logo-img\" alt=\"Bitcoin logo\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/09\/bitcoin-logo-150x150.jpg 150w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/09\/bitcoin-logo.jpg 300w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>                                                    <span class=\"cs-coin-card__rank-badge\"> #1                    <\/span> <\/a> <div class=\"cs-coin-card__title\"> <a class=\"cs-coin-card__name\" href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\"> Bitcoin                <\/a> <span class=\"cs-coin-card__ticker\">BTC<\/span> <\/div> <\/div> <div class=\"cs-coin-card__price-row\"> <div class=\"cs-coin-card__price-group\"> <div class=\"cs-coin-card__price\"> <span class=\"cs-coin-card__price-value\"> $80,300.22                                            <\/span> <\/div> <div class=\"cs-coin-card__change is-down\" data-cs-coin-card-change> <span class=\"screen-reader-text\" data-cs-coin-card-change-accessible>-0.34% (24h)<\/span> <i class=\"fa-light fa-arrow-down\" data-cs-coin-card-change-icon aria-hidden=\"true\"><\/i> <span class=\"cs-coin-card__change-value\" data-cs-coin-card-change-value aria-hidden=\"true\">0.34%<\/span> <span class=\"cs-coin-card__change-period\" data-cs-coin-card-change-period aria-hidden=\"true\">(24h)<\/span> <\/div> <\/div> <\/div> <div class=\"cs-coin-card__actions\"> <a class=\"cs-coin-card__external\" href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\" target=\"_blank\" rel=\"noopener\" aria-label=\"Open coin page in a new window\"> <i class=\"fa-regular fa-arrow-up-right\" aria-hidden=\"true\"><\/i> <\/a> <\/div> <\/div> <div class=\"cs-coin-card__chart\" data-cs-coin-shortcode-chart data-cs-coin-change-ranges=\"{&quot;1d&quot;:{&quot;display&quot;:&quot;-0.34%&quot;,&quot;class&quot;:&quot;is-down&quot;,&quot;label&quot;:&quot;24h&quot;},&quot;7d&quot;:{&quot;display&quot;:&quot;-2.08%&quot;,&quot;class&quot;:&quot;is-down&quot;,&quot;label&quot;:&quot;7D&quot;},&quot;1m&quot;:{&quot;display&quot;:&quot;-5.71%&quot;,&quot;class&quot;:&quot;is-down&quot;,&quot;label&quot;:&quot;1M&quot;},&quot;1y&quot;:{&quot;display&quot;:&quot;-26.78%&quot;,&quot;class&quot;:&quot;is-down&quot;,&quot;label&quot;:&quot;1Y&quot;},&quot;all&quot;:{&quot;display&quot;:&quot;+165,068,625.87%&quot;,&quot;class&quot;:&quot;is-up&quot;,&quot;label&quot;:&quot;Since ATL&quot;}}\" data-chart-coin-id=\"230\" data-chart-rest-base=\"\/wp-json\/cryptoslateAPI\/v2\/coins\/\" data-chart-range=\"1d\" data-chart-brand-color=\"#f8931a\"> <canvas class=\"cs-coin-card__chart-canvas\" data-cs-coin-shortcode-chart-canvas aria-label=\"Bitcoin price chart\" role=\"img\"><\/canvas> <\/div> <div class=\"cs-coin-card__chart-ranges\" role=\"group\" aria-label=\"Chart range\"> <button type=\"button\" class=\"cs-coin-card__chart-range is-active\" data-cs-coin-shortcode-chart-range=\"1d\" aria-pressed=\"true\">1D<\/button> <button type=\"button\" class=\"cs-coin-card__chart-range\" data-cs-coin-shortcode-chart-range=\"7d\" aria-pressed=\"false\">7D<\/button> <button type=\"button\" class=\"cs-coin-card__chart-range\" data-cs-coin-shortcode-chart-range=\"1m\" aria-pressed=\"false\">1M<\/button> <button type=\"button\" class=\"cs-coin-card__chart-range\" data-cs-coin-shortcode-chart-range=\"1y\" aria-pressed=\"false\">1Y<\/button> <button type=\"button\" class=\"cs-coin-card__chart-range\" data-cs-coin-shortcode-chart-range=\"all\" aria-pressed=\"false\">ALL<\/button> <\/div> <div class=\"cs-coin-card__metrics\"> <div class=\"cs-coin-card__metric\"> <span class=\"cs-coin-card__label\">Market Cap<\/span> <span class=\"cs-coin-card__metric-value\"> $1.61T                            <\/span> <\/div> <div class=\"cs-coin-card__metric\"> <span class=\"cs-coin-card__label\">24h Volume<\/span> <span class=\"cs-coin-card__metric-value\"> $18.61B                            <\/span> <\/div> <div class=\"cs-coin-card__metric\"> <span class=\"cs-coin-card__label\">All-Time High<\/span> <span class=\"cs-coin-card__metric-value\"> $126,198.07                            <\/span> <\/div> <div class=\"cs-coin-card__metric cs-coin-card__metric--signal\"> <span class=\"cs-coin-card__label\">Market Signal<\/span> <span class=\"cs-coin-card__metric-value\" data-coin-signal-state=\"bullish\"> <span class=\"screen-reader-text\">Bullish, 61 out of 100<\/span> <span aria-hidden=\"true\">61<small>\/100<\/small><\/span> <span class=\"cs-coin-card__signal-label\" aria-hidden=\"true\">Bullish<\/span> <\/span> <\/div> <\/div> <div class=\"cs-coin-card__categories\"> <span class=\"cs-coin-card__label\">Sectors<\/span> <div class=\"cs-coin-card__tags\"> <a class=\"cs-coin-card__tag\" href=\"https:\/\/cryptoslate.com\/cryptos\/layer-1\/\"> Layer 1                        <\/a> <a class=\"cs-coin-card__tag\" href=\"https:\/\/cryptoslate.com\/cryptos\/proof-of-work\/\"> PoW                        <\/a> <\/div> <\/div> <\/div>\n<p>The rally set off a sharp liquidation wave across leveraged crypto positions. CoinGlass <a href=\"https:\/\/www.coinglass.com\/liquidations\">data<\/a> showed about $243 million in liquidations over the past 1 hour, with most of the losses concentrated among traders positioned for further downside.<\/p>\n<p>For context, Bitcoin short traders lost more than $100 million during the reporting period.<\/p>\n<figure id=\"attachment_530693\" aria-describedby=\"caption-attachment-530693\" style=\"width: 1881px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-530693\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-17-144527.jpg\" alt=\"Bitcoin Market Liquidation\" width=\"1881\" height=\"658\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-17-144527.jpg 1881w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-17-144527-300x105.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-17-144527-1024x358.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-17-144527-768x269.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-17-144527-1536x537.jpg 1536w\" sizes=\"(max-width: 1881px) 100vw, 1881px\" \/><figcaption id=\"caption-attachment-530693\" class=\"wp-caption-text\">Crypto Market Liquidation (Source: CoinGlass)<\/figcaption><\/figure>\n<p>Meanwhile, the total liquidations topped $720 million over a longer 24-hour time frame. Notably, this is one of the largest market wipeouts since mid-March.<\/p>\n<h2>Iran opens Strait of Hormuz<\/h2>\n<p>The advance came as traders linked Bitcoin\u2019s rebound to a sudden shift in the macro backdrop.<\/p>\n<p>Iran on Friday declared the Strait of Hormuz completely open to commercial traffic during the ceasefire period.<\/p>\n<p>In an April 17 post on X, Foreign Minister Seyed Abbas Araghchi <a href=\"https:\/\/x.com\/araghchi\/status\/2045121573124759713\">said<\/a>:<\/p>\n<blockquote><p>\u201cIn line with the ceasefire in Lebanon, the passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of the ceasefire.&#8221;<\/p><\/blockquote>\n<p>He added that vessels would have to follow a coordinated route set by Iran\u2019s maritime authorities.<\/p>\n<p>President <a href=\"https:\/\/cryptoslate.com\/people\/donald-trump\/\">Donald Trump<\/a> <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116420194853200133\">confirmed<\/a> the update and thanked Iran for reopening the waterway.<\/p>\n<p>Following the news, data from oilprices.com showed that <a href=\"https:\/\/cryptoslate.com\/bitcoin-eyes-bullish-setup-as-new-china-trade-and-us-inflation-data-means-irans-economic-contagion-shock-is-already-spreading\/\">oil prices fell more than 11%.<\/a> This reversed part of the war premium that had built up while the strait remained largely shut.<\/p>\n<p>The <a href=\"https:\/\/cryptoslate.com\/iran-proposes-bitcoin-payments-as-toll-for-safe-strait-of-hormuz-passage-ft\/\">Strait of Hormuz<\/a> route carries roughly 20% of the world\u2019s oil and liquefied natural gas flows, making it one of the most closely watched passages in global trade. Its narrow geography has long given Iran leverage during periods of conflict, allowing it to restrict maritime traffic and amplify pressure on energy markets.<\/p>\n<p>During the recent standoff, only a small number of commercial vessels moved through the waterway each day.<\/p>\n<p>Meanwhile, the latest development capped a volatile stretch in which the strait stayed mostly closed during the US-Iran war while both sides argued over the terms of a peace agreement.<\/p>\n<h2>What next for Bitcoin price?<\/h2>\n<p>For Bitcoin, the <a href=\"https:\/\/cryptoslate.com\/bitcoin-70000-iran-deal-oil-risk-fragile-rally\/\">reopening of the Strait<\/a> removed one of the clearest near-term threats hanging over risk assets.<\/p>\n<p>This is because lower oil prices tend to <a href=\"https:\/\/cryptoslate.com\/fed-decision-tonight-will-likely-decide-whether-bitcoin-gets-past-80k\/\">ease inflation pressure<\/a> and reduce fears of another surge in energy-driven volatility, a backdrop that can support speculative assets that had come under pressure during the regional escalation.<\/p>\n<p>Already, the shift in tone is evident in derivatives markets, where traders began positioning for a push toward higher price targets.<\/p>\n<p>On Coinbase-owned Deribit, <a href=\"https:\/\/cryptoslate.com\/bitcoin-bulls-are-eyeing-100000-yet-the-futures-market-hints-at-another-dip-first\/\">the $80,000 call option<\/a> has emerged as one of the most popular trades, with a notional value of more than $1.5 billion. The <a href=\"https:\/\/cryptoslate.com\/whales-are-pulling-more-bitcoin-off-the-market-while-price-still-has-not-broken-out\/\">next-largest cluster of bullish positioning<\/a> sat at $90,000, with about $914 million in value tied to that strike.<\/p>\n<p>Prediction market activity also turned more optimistic. Polymarket data showed the odds of Bitcoin rising above $80,000 before the end of the year climbing past 88%. This is a sign that traders are increasingly treating that level as a near-term target rather than a distant upside scenario.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Editor\u2019s note: Since publication, Iran has moved to close the Strait of Hormuz again, and Bitcoin has pulled back from Friday\u2019s rally to around $76,400 on Saturday, April 18, trimming the earlier risk-on move. Bitcoin climbed toward $80,000 after Iran said the Strait of Hormuz was fully open to commercial traffic for the remainder of [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":530687,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,80621,77911,79312,15323],"tags":[81073,77961,81222,77046],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin heads for $80,000 as Iran reopens Strait of Hormuz<\/title>\n<meta name=\"description\" content=\"Bitcoin rose toward $80,000 after Iran said the Strait of Hormuz was open to commercial traffic during the ceasefire.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoin-jumps-towards-80000-after-strait-of-hormuz-shipping-route-declared-open\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin price jumps towards $80,000 after Strait of Hormuz shipping route declared open\" \/>\n<meta property=\"og:description\" content=\"Bitcoin rose toward $80,000 after Iran said the Strait of Hormuz was open to commercial traffic during the ceasefire.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitcoin-jumps-towards-80000-after-strait-of-hormuz-shipping-route-declared-open\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-17T14:22:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-18T15:02:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/04\/bitcoin-strait-hormuz-opening-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-jumps-towards-80000-after-strait-of-hormuz-shipping-route-declared-open\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-jumps-towards-80000-after-strait-of-hormuz-shipping-route-declared-open\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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