Crypto-linked stocks surged Friday, led by a sharp rally in beaten-down digital asset treasury firms, as progress toward ending the Iran war jolted risk assets, sending bitcoin to a two-month high of $78,000.
U.S. President Donald Trump said in a Truth Social post that Iran committed to keeping open the Strait of Hormuz, a key artery for global energy markets.
“Iran has just announced that the Strait… is fully open and ready for full passage,” Trump said in a Truth Social post, adding that peace talks between the countries were progressing. Reports that the U.S. is considering unfreezing $20 billion in Iranian assets and Trump’s remarks about acquiring Iran’s enriched uranium further boosted sentiment.
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