Bitcoin reclaims $74K as Trump ends Strait of Hormuz naval…

Bitcoin erased earlier losses and surged back above $74,000 after President Trump announced that the U.S. naval blockade in the Strait of Hormuz has ended. The recovery was swift, suggesting markets had been pricing in elevated geopolitical risk premium that unwound almost immediately on the news.

The Strait of Hormuz is one of the world's most critical energy chokepoints, carrying roughly 20% of global oil trade. Any disruption there feeds directly into inflation expectations and risk-asset sentiment — so the blockade's end removed a macro overhang that had been weighing on BTC alongside equities and commodities.

For Bitcoin specifically, the move underscores its increasingly macro-correlated behavior: it sold off on the geopolitical escalation and recovered in lockstep with the de-escalation, behaving less like a safe haven and more like a high-beta risk asset in real time.