Bitcoin hits $77K amid US-Iran tensions over Strait of Hormuz

Bitcoin has surged to $77K during ongoing US-Iran tensions over the Strait of Hormuz, pushing the Bitcoin Price in April market to 100% YES, up from 20% a week ago.

The Bitcoin Price in April market has flipped from 20% to 100% YES for reaching higher price targets in seven days. The April 15 market, which covers Bitcoin landing between $78,000 and $80,000, also sits at 100% YES after the same move from 20% a week ago.

Trading volume over the past 24 hours is $305,899 in USDC, with $32,199 in liquidity depth required to move the market by 5 points. The largest price move in the last 24 hours was a 2-point spike, pointing to steady accumulation rather than abrupt volatility.

At 100% YES, these contracts offer almost no upside for new buyers. The price action is tied to Bitcoin’s role as a geopolitical hedge during the Strait of Hormuz standoff, combined with ETF inflows. But the trade is also fragile: a diplomatic breakdown could reverse the move quickly. The markets are now pricing in continued strength or at least stability above the $70K-$72K resistance level.

Traders should watch for statements from Federal Reserve Chair Jerome Powell and any shifts in US-Iran negotiations. Institutional ETF flows and large-scale purchases will be the most direct signals of whether this level holds.

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