Bitcoin trades above $77,000 as oil's 5% slide pushes Asian equities higher

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin trades above $77,000 as oil's 5% slide pushes Asian equities higher Oil’s 5% drop on potential Strait of Hormuz reopening boosted Asian equities and supported crypto sentiment. By Omkar Godbole May 25, 2026, 7:11 a.m. 2 min read Make preferred on BTC's price. (CoinDesk) What to know : Bitcoin trades near $77.2K, holding above its 50-day average, while ETH, XRP, and SOL lag below theirs. Oil’s 5% drop on potential Strait of Hormuz reopening boosted Asian equities and supported crypto sentiment. Caution persists as ETF outflows exceed $2 billion in two weeks. Bitcoin BTC $ 77,389.41 was slightly higher on Monday as a sharp decline in oil prices helped lift Asian stock markets. At 6:35 UTC, the leading cryptocurrency by market value traded near $77,200, up 0.4% from midnight UTC, according to CoinDesk data. At that level, bitcoin was trading just above its widely tracked 50-day simple moving average of around $76,940. Traders and chart analysts monitor this key level closely, with sustained breakouts above it typically viewed as bullish.Other major cryptocurrencies were also modestly higher. XRP and Solana (SOL) rose 0.6% or more, while Ether (ETH) gained 0.4%. However, all three continued to trade below their respective 50-day moving averages, lagging Bitcoin on this metric. Futures tied to West Texas Intermediate crude oil dropped more than 5% to around $91 per barrel, extending a steep slide from last Wednesday’s high above $104. Asian equities rallied, with India’s Nifty climbed over 1%, Japan’s Nikkei rose nearly 3% in early trade, and Australia’s S&P/ASX 200 added 0.4%. These moves follow weekend reports that a deal to reopen the Strait of Hormuz, a critical chokepoint that accounted for over 20% of global oil flows before the Iran war began in late February, was in its final stages. Last week, Iran’s IRGC claimed to have allowed passage of over 20 tankers through the strait, though that volume remains well below pre-war levels. U.S. Secretary of State Marco Rubio said that Washington and Iranian negotiators have "a pretty solid thing on the table" and a deal to end the war between the two countries could be reached Monday. He said that the U.S. is ready top exhaust every diplomatic option but would pursue other means if a good deal could not be reached. Analysts still maintained a cautious outlook on bitcoin, citing more than $2 billion in outflows from spot ETFs over the past two weeks. "For crypto, the key signal is whether ETF outflows slow. Bitcoin can absorb some institutional selling if stablecoin liquidity remains firm and long-term holders stay patient. Sustained ETF redemptions would make every rally harder to hold," Timothy Misir, head of research, BRN, said in an email. India-based FIU-registered CoinSwitch exchange noted that finalization of a U.S.-Iran peace deal would be needed for further sustained gains. "The sentiments improved after reports of progress in U.S.–Iran peace talks, including a possible reopening of the Strait of Hormuz, helping BTC rebound toward $77K. Still, the deal is not finalized, so traders are not fully risk-on yet. Exchange data also remains a watchpoint, with 18,528 BTC moving net into centralized exchanges, suggesting potential sell-side pressure," the exchange said in an email. Bitcoin News More For You Bitcoin options are coming to Nadaq. Here's what it means for you. By Omkar Godbole 1 hour ago The new offering, pending CFTC approval, aims to democratize seamless crypto risk management What to know : The SEC has conditionally approved Nasdaq PHLX to list cash-settled, European-style Bitcoin index options under the ticker QBTC, which still await CFTC approval. QBTC options will be settled in U.S. dollars, track the CME CF Bitcoin Real Time Index, and trade on the same Nasdaq platform as major stocks, allowing... Read full story Latest Crypto News Bitcoin options are coming to Nadaq. Here's what it means for you. 1 hour ago Coinbase does not fear competition from Wall Street, says exchange executive 11 hours ago Crypto and the Fed: State of Crypto 12 hours ago A massive $1 trillion hidden market is waiting to be unlocked in bitcoin, says new report 16 hours ago AI is speeding up the quantum threat to crypto, security experts warn 17 hours ago Crypto rails are becoming the default payment layer for AI agents, report says 18 hours ago Top Stories Bitcoin heads higher as President Trump announces Iran peace agreement May 23, 2026 Clarity Act could spark a boom in crypto ‘yield-as-a-service’ May 23, 2026 Crypto trader sees Hyperliquid, AI tokens leading next altcoin rally May 23, 2026 SEC Commissioner Peirce counters views that crypto rule will foster synthetic tokens May 22, 2026 Trump Media moved but 'did not sell' $205 million in bitcoin amid rising losses on crypto bets May 22, 2026 In this article BTC BTC $ 77,389.41 ◢ 0.84 %