Bitcoin rises past $76,000, aiming at major breakout as oil plunges on Iran cooldown

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin rises past $76,000, aiming at major breakout as oil plunges on Iran cooldown Iran's foreign minister said the Strait of Hormuz will remain completely open for the remainder of the ceasefire. By Stephen Alpher Apr 17, 2026, 1:08 p.m. Make preferred on Strait of Hormuz reopening sends BTC higher (Gerhard Traschütz/Pixabay) The price of bitcoin BTC $ 76,183.76 has again pushed above $76,000 alongside about a 10% plunge in the price of crude oil on an apparent reopening of the Strait of Hormuz. "The passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire," said Iranian Foreign Minister Seyed Abbas Araghchi in an X posting . The news sent the price of WTI crude oil down nearly 10% to $85.90 per barrel, about its lowest price since shortly after the outbreak of the war in early March. Alongside bitcoin has risen to $76,400, up 3 over the past 24 hours. U.S. stock index futures are higher by about 1% across the board. Why the $76,000 area is important Bitcoin was trading around the $76,000-$78,000 level in the days before the Feb. 5 crash that sent its price tumbling all the way back to $60,000. In recent days, BTC has risen above $76,000 on numerous occasions, only to be met with a wave of quick selling. Technicians believe that a sustained break to around $77,000 could set the stage for a return to significantly higher levels. Bitcoin News More For You Bitcoin stalls below $76,000 as sell wall caps rally despite rising derivatives activity By Oliver Knight , Omkar Godbole | Edited by Sheldon Reback 2 hours ago The bitcoin price is hovering near a key resistance level with $450 million in sell orders overhead as liquidations surge and derivatives data signal caution. What to know : Bitcoin is testing a dense sell wall around $76,000, with traders split between shorting resistance and defending against a breakout above liquidation levels. Futures activity is heating up, with volume and open interest rising alongside a 140% jump in liquidations, hinting at mild short-squeeze dynamics. Altcoins are lagging as traders... Read full story Latest Crypto News France's finance minister calls for more euro stablecoins in sign of government policy shift 36 minutes ago Kraken's parent company Payward to acquire derivatives exchange Bitnomial for $550 million in cash and stock 54 minutes ago Bitcoin’s ceasefire boost is starting to fizzle out as investors look for real-world results 1 hour ago Bitcoin stalls below $76,000 as sell wall caps rally despite rising derivatives activity 2 hours ago Bitcoin reset may be complete as onchain data points to cycle low 3 hours ago Russia-linked Grinex exchange halts operations after $13 million ‘state-backed’ hack 3 hours ago Top Stories The U.S. government moves $606,000 in bitcoin linked to the 2016 Bitfinex hack to Coinbase 8 hours ago Ethereum just had its busiest quarter ever, capping a three-year comeback 5 hours ago Bitcoin bulls target $125,000 as U.S.-Iran peace talks trigger risk-on mood 9 hours ago Every bitcoin bear market bottom since 2015 was called by a simple indicator. It still hasn't flashed 5 hours ago U.S. CFTC's Selig says AI has helped make up for staffing cuts at key crypto watchdog 20 hours ago Cardano's Charles Hoskinson says Bitcoin's quantum fix is a hard fork that can't save Satoshi's coins 20 hours ago In this article BTC BTC $ 76.183,76 ◢ 3,24 %