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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Bitcoin's price climbed near the $77,000 level following President Trump's announcement that he halted a scheduled military strike on Iran. According to reports, the decision to stop the attack was made at the request of Saudi Arabia, Qatar, and the United Arab Emirates, effectively easing immediate geopolitical tensions.
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Sign InThe de-escalation led to a reduction in the geopolitical risk premium, encouraging investors to rotate back into risk-on assets. Per market data, while gold prices stabilized following a brief spike, technology equities maintained continued growth as the likelihood of global energy supply disruptions diminished.
Bitcoin was trading near $77,000 (at close May 18, 2026), with traders closely watching support levels near $75,200. Looking ahead to the economic calendar, the market awaits key U.S. inflation data and upcoming speeches from Fed officials, which will likely serve as the next major catalysts for digital asset liquidity.
Update: In a development bolstering cryptocurrency utility, Iran has launched the Hormuz Safe platform to provide maritime insurance for shipping through the Strait of Hormuz, settled in Bitcoin. This move introduces a new use case for digital assets in managing geopolitical risks and securing supply chains within critical waterways.
Update: In a parallel development, Iran has launched the 'Hormuz Safe' initiative, enabling the use of Bitcoin to insure vessels transiting the Strait of Hormuz through cryptographically verifiable policies settled in the digital currency. This move comes as oil prices remain elevated above $100 per barrel, driven by global trade route disruptions that have now entered their third month.
Update: Tehran has launched 'Hormuz Safe', a maritime insurance scheme for vessels transiting the Strait of Hormuz, settling all premiums and claims exclusively in Bitcoin under the new 'Persian Gulf Strait Authority'. Reports indicate that some vessels have already processed transit fees of up to $2 million via designated routes, signaling a significant shift toward the institutionalization of Bitcoin in global trade logistics.
Update: Iran has introduced a Bitcoin-based insurance service for maritime traffic in the Strait of Hormuz, aiming to integrate cryptocurrency into global oil trade logistics. This development further cements the role of digital assets as a functional financial tool within high-stakes geopolitical corridors.
Update: Additional reports indicate that President Trump's decision to cancel the strikes followed a firm rejection of the latest Iranian diplomatic proposal earlier this morning. This shift signals a pivot toward a more strategic diplomatic approach rather than direct military action.