Bitcoin Surges Past $76,000 Amid Geopolitical Calm

Bitcoin has surged beyond the $76,000 mark, signaling a potential major breakout as geopolitical tensions ease. The Iranian foreign minister's assurance that the Strait of Hormuz will remain open has contributed to a cooldown in oil prices. This reduction in energy market volatility and perceived geopolitical risk appears to be driving investors towards risk-on assets like Bitcoin, fueling its upward momentum. The cryptocurrency's ascent suggests growing confidence in its ability to reach new highs as broader market conditions become more favorable.