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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InBitcoin prices hit a record $78,000 after Iran declared the Strait of Hormuz fully open, while XRP prices also surged in tandem with the broader rally. This momentum pushed the total crypto market capitalization up by 3.79% in 24 hours, reaching nearly $2.77 trillion. Vessel tracking data confirmed at least eight crude tankers advancing toward the Strait following a ceasefire agreement, though analysts remain cautious about the truce's stability. Market sentiment improved as Polymarket odds for normalized traffic by May climbed to 73%. While a 10% drop in Brent crude prices bolstered global equities, President Trump clarified that the U.S. naval blockade remains in effect for Iran-aligned vessels, leaving investors to weigh the sustainability of these new financial arrangements.