Bitcoin Surges Toward $77,000 as US-Iran Ceasefire Eases Geopolitical Tensions

Bitcoin has climbed to a fresh two-month high near $77,000 as ongoing US-Iran ceasefire developments continue to boost risk appetite across global markets. Iran's Foreign Minister confirmed that the Strait of Hormuz remains completely open for commercial shipping during the ceasefire period, significantly reducing fears of oil supply disruptions and triggering a sharp decline in crude prices.

This positive macro shift has fueled investor confidence, resulting in over $400 million in cryptocurrency short liquidations over the past 24 hours. Ethereum is holding firmly above $2,350, while Solana and other major altcoins are recording gains between 3% and 6%. Strong Bitcoin ETF inflows are providing additional support, especially as cooling inflation expectations raise hopes for potential interest rate cuts in the near term.

Market analysts are closely monitoring whether this momentum can carry Bitcoin toward the important $80,000 psychological resistance level in the coming days, or if any renewed macroeconomic uncertainties might limit further upside. Overall sentiment remains cautiously optimistic amid the improving global risk environment.

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