Crypto markets moved higher on 17 April after Donald J. Trump said the Strait of Hormuz remains open for “full passage,” easing fears of a broader supply disruption amid ongoing tensions with Iran.

The reaction was swift across digital assets, with Bitcoin and major altcoins posting gains as traders repositioned around a perceived reduction in geopolitical risk.

Trump signals open passage despite Iran-focused blockade

In a post shared earlier in the day, Trump stated that the Strait of Hormuz is “completely open and ready for business,” while noting that a naval blockade would remain in place as it pertains to Iran.

The Strait of Hormuz is a key global energy chokepoint, handling a significant share of…