Bitcoin rises past $76,000, aiming at major breakout as oil plunges on Iran cooldown

Bitcoin's price surges past $76,000, potentially aiming for a major breakout, as global geopolitical tensions ease with Iran's foreign minister announcing the Strait of Hormuz will remain open, leading to a plunge in oil prices. This development could have significant implications for risk assets and commodities. The cooldown in Iran reduces the likelihood of a global oil supply disruption, which in turn could lead to decreased demand for safe-haven assets like gold and increased appetite for riskier assets like stocks and cryptocurrencies.