Bitcoin Breaks $78K as Iran’s Strait of Hormuz Reopening Triggers Global Risk Rally

TLDR: Bitcoin surged 5.48% in 24 hours, reaching $78,058 after Iran reopened the Strait of Hormuz on April 17. Bitcoin’s Price Momentum indicator hit 62.19, confirming an Acceleration Trend with bulls firmly in market control. Exchange netflows recorded -2,275.894 BTC in outflows, pointing to strong institutional accumulation away from exchanges. Binance recorded $17.81M in short [...]

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