Bitcoin Holds Near $78,000 as Trump’s Hormuz Rhetoric Pushes Oil Above $100

Bitcoin held near $78,000 on Friday as Brent crude climbed to about $107 a barrel after President Donald Trump escalated rhetoric over the Strait of Hormuz. Bitcoin rose to $78,300 after briefly trading above $79,000 and extended its April recovery by roughly 15%. CryptoQuant data showed Thursday’s jump from $76,351 to $79,447 was driven mainly by futures activity, with open interest rising from about $24.88 billion to nearly $28 billion. Across Bitcoin and Ether, short liquidations totaled nearly $1.19 billion.

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