Digital Asset Treasury Firms Lead Crypto Stock Rally as Bitcoin Reaches $78,000

A significant rally in crypto-linked stocks occurred on Friday, driven by a rebound in digital asset treasury firms, as progress towards ending the Iran conflict boosted risk assets and pushed bitcoin to a two-month high of $78,000. President Trump stated that Iran had committed to keeping the Strait of Hormuz open, a crucial passage for global energy markets, and that peace talks between the countries were progressing. The potential unfreezing of $20 billion in Iranian assets and the acquisition of Iran's enriched uranium further improved market sentiment. As a result, crude oil prices dropped 13% to near $80 per barrel. According to Matt Mena, a senior crypto research strategist, the reopening of the Strait of Hormuz is a risk-on signal for global markets, removing a significant geopolitical chokepoint and unleashing a wave of liquidity and investor confidence. Bitcoin surged to $78,000, breaking out of a two-month range, while major altcoins such as ether, Solana, and XRP posted 4%-5% gains. Crypto-related equities, particularly crypto treasury firms, experienced significant gains, with companies like American Bitcoin, Strategy, and Strive rising 10%-21%. Similar moves were seen in altcoin-linked equities, with Forum Markets, Solmate, and Upexi gaining 11%-19%. Other digital asset-related stocks, including Coinbase, Galaxy, and Bullish, also advanced, with the Nasdaq and S&P 500 reaching new record levels.