Bitcoin holds $77K as oil's 5% crash sparks Asian equity rally — but ETF outflows keep bulls cautious!

Bitcoin was trading near $77,200 at 6:35 UTC, up 0.4% on the day and holding just above its 50-day simple moving average of $76,940 — a level chart analysts treat as a key bullish threshold. ETH, XRP, and SOL posted modest gains of 0.4–0.6% but all three remain below their own 50-day averages, lagging Bitcoin on the technical scorecard.

The macro catalyst was a sharp 5%-plus drop in WTI crude futures to around $91 per barrel, driven by weekend reports that a deal to reopen the Strait of Hormuz — which handled over 20% of global oil flows before Iran's war began in late February — is in its final stages. U.S. Secretary of State Marco Rubio said negotiators have "a pretty solid thing on the table" and a deal could land as early as Monday. Asian equities responded strongly: Japan's Nikkei surged nearly 3%, India's Nifty climbed over 1%, and Australia's ASX 200 added 0.4%.