Bitcoin Reclaims $76K as WTI Sinks After Iran Reopens Strait of Hormuz

Bitcoin ($BTC) climbed back to $76,000 for the second time today, while WTI crude oil tumbled after Iran said it would reopen the Strait of Hormuz to all commercial shipping. WTI slid more than 7% immediately after the announcement, pushing the day's losses beyond 12% as the conflict-driven "war premium" rapidly unwound. The move signals a return of supply-side stability in global energy markets, effectively ending the maritime blockade that had helped drive prices toward record highs.