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

A surge in crypto-linked stocks was led by digital asset treasury firms, which had been struggling, as the prospect of an end to the Iran conflict boosted risk assets and sent bitcoin to a two-month high of $78,000. US President Donald Trump announced that Iran had committed to keeping the Strait of Hormuz open, a crucial route for global energy markets, and that peace talks were progressing. The US is also considering unfreezing $20 billion in Iranian assets and acquiring its enriched uranium, further improving market sentiment. As a result, crude oil prices dropped 13% to nearly $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 climbed to $78,000, up nearly 5% in 24 hours, and other major cryptocurrencies such as ether, Solana, and XRP also saw gains of 4-5%. Crypto-related equities, including crypto treasury firms, also saw significant gains, with some companies jumping over 20%. The rally was not limited to bitcoin, with altcoin-linked equities also experiencing significant gains.