The price of Bitcoin breaks a seven-month downtrend as geopolitical shifts and prediction markets point to $84K next. Bitcoin is surging today on a geopolitical trigger few predicted: Iran today announced the Strait of Hormuz (or Strait of Iran , as President Donald Trump now calls it) will remain fully open during the ongoing ceasefire. It sent oil prices tumbling and risk assets surging in tandem. Bitcoin climbed above $78,000 intraday on the news before pulling back slightly, while digital asset treasury stocks like Strategy surged more than 10% as BTC's rise pushed its holdings back out of the red. The macro environment had been brutal for most of 2026 with Middle East tensions, inflation fears, a strong dollar, and tight liquidity keeping Bitcoin locked in a grinding descent from its
The price of Bitcoin breaks a seven-month downtrend as geopolitical shifts and prediction markets point to $84K next. Bitcoin is surging today on a geopolitical trigger few predicted: Iran today announced the Strait of Hormuz (or Strait of Iran , as President Donald Trump now calls it) will remain fully open during the ongoing ceasefire. It sent oil prices tumbling and risk assets surging in tandem. Bitcoin climbed above $78,000 intraday on the news before pulling back slightly, while digital asset treasury stocks like Strategy surged more than 10% as BTC's rise pushed its holdings back out of the red. The macro environment had been brutal for most of 2026 with Middle East tensions, inflation fears, a strong dollar, and tight liquidity keeping Bitcoin locked in a grinding descent from its October 2025 peak of $126,000. Today's candlestick on the Bitcoin charts is significant. Bitcoin opened at $75,172 and traders pushed the daily candle up to $77,205—a 2.7% gain on the session, with an intraday high of $78,384.