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Why Bitcoin briefly jumped above $70,000 on Iran deal hopes as Trump’s Hormuz threat keeps rally fragile

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April 6, 2026 · 8:00 PM

Why Bitcoin briefly jumped above $70,000 on Iran deal hopes as Trump’s Hormuz threat keeps rally fragile

Bitcoin rose with the rest of the crypto market on Monday after President Donald Trump struck a mixed tone on a possible deal with Iran to reopen the Strait of Hormuz, prompting a relief rally that lifted prices but left the broader market setup unresolved. According to CryptoSlate's data, the largest cryptocurrency briefly climbed above […] The post Why Bitcoin briefly jumped above $70,000 on Iran deal hopes as Trump’s Hormuz threat keeps rally fragile appeared first on CryptoSlate.

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Why Bitcoin briefly jumped above $70,000 on Iran deal hopes as Trump’s Hormuz threat keeps rally fragile | cryptobinto