{"id":191466,"date":"2026-04-17T19:00:40","date_gmt":"2026-04-17T16:00:40","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/crypto-market-rally-bitcoin-78k-hormuz-strait-reopening\/"},"modified":"2026-04-17T19:00:40","modified_gmt":"2026-04-17T16:00:40","slug":"crypto-market-rally-bitcoin-78k-hormuz-strait-reopening","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-market-rally-bitcoin-78k-hormuz-strait-reopening\/","title":{"rendered":"Crypto Market Rallies as Geopolitical Tensions Ease"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Market dynamics are reflecting a classic \u201crisk-on\u201d reaction, bolstered by <a href=\"https:\/\/www.bbc.com\/news\/live\/cqxdg17yr2wt\" rel=\"nofollow\">news regarding the reopening of the crucial Strait of Hormuz<\/a> and a stabilization of global risk appetite.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The total crypto market capitalization has climbed by nearly 5%, while the Fear and Greed Index rose to 63, entering \u201cGreed\u201d territory. This suggests that investors are increasingly looking past short-term risks to focus on the prevailing uptrend.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Liquidations Reveal Aggressive Positioning<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the price increases, the market remains tense. <a href=\"https:\/\/www.coinglass.com\/liquidations\" rel=\"nofollow\">Data from Coinglass reveals<\/a> that approximately $739 million in positions were liquidated over the last 24 hours, with over $585 million coming from short positions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In just a 12-hour window, liquidations exceeded $500 million, with the largest single liquidation recorded on Bitcoin at a value of $15.75 million. This type of dynamic typically reinforces upward momentum but also heightens the risk of sudden corrections.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ethereum liquidations surpassed $160 million. Smaller tokens such as Solana, XRP, and other alternative assets also saw liquidations, though on a more limited scale.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin Leads as Altcoins Follow Cautiously<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">BTC is trading around $78,000, marking a weekly gain of over 6% as it continues to dominate market movement. Ethereum has also climbed by more than 8% for the week, though it lags slightly in terms of momentum.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/cryptodnes.bg\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-17-at-18.38.02-1024x513.png\" alt=\"bitcoin\" width=\"641\" height=\"321\"><\/figure>\n\n\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Altcoins are also gaining traction. XRP stands out with double-digit weekly growth, while Solana and BNB are posting steady but more moderate gains. Nevertheless, the \u201cAltcoin Season\u201d index remains at 37, signaling that the market is still heavily concentrated around BTC.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This behavior suggests that institutional capital continues to flow primarily into leading assets, while higher-risk segments remain secondary for now.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Geopolitics Bolster Market Sentiment<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Additional momentum for the markets is coming from the Middle East. Iran announced that the Strait of Hormuz\u2014a vital route for global oil supplies\u2014is fully open for commercial shipping.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The statement by Foreign Minister Abbas Araghchi, supported by posts from Donald Trump, signals a potential de-escalation of tensions in the region. While it remains unclear if transit fees will be introduced, the reopening itself reduces the risk of an energy shock.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This development has a direct impact on global markets, easing inflation concerns and supporting riskier assets, including cryptocurrencies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A Balance Between Momentum and Risk<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The current rally in the crypto sector is sustained by a combination of technical factors and macroeconomic signals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The short squeeze effect, a stabilizing geopolitical environment, and increased risk appetite are creating a favorable backdrop for further growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the scale of liquidations underscores how fragile the market remains. Any shift in sentiment\u2014whether a new escalation in the Middle East or a sharp correction in Bitcoin\u2014could quickly reverse the trend.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For now, the signal from the markets is clear: investors are betting on a continued recovery, but they are doing so in an environment of high volatility and persistent risk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto market cap surged 5% as Bitcoin hit $78,000. Short liquidations reached $585M following news of the Strait of Hormuz reopening.<\/p>\n","protected":false},"author":104,"featured_media":191465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[270,72,258,424,234,271,108,266,122,223],"coin_category":[],"class_list":["post-191466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-altcoins","tag-bitcoin","tag-bnb","tag-crypto","tag-donald-trump","tag-ethereum","tag-price","tag-solana","tag-trump","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crypto Market Rallies as Geopolitical Tensions Ease - CryptoDnes EN<\/title>\n<meta name=\"description\" content=\"The crypto market cap surged 5% as Bitcoin hit $78,000. 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