Bitcoin Could Hit $76K if Strait of Hormuz Stabilizes, Says Wintermute

Bitcoin has rebounded above $70,000 as easing geopolitical tensions in the Middle East improved overall market sentiment.

The recovery follows a pause in U.S. strikes on Iranian energy infrastructure. Which helped cool oil prices and reduce inflation pressure on risk assets. According to crypto market maker Wintermute, Bitcoin could climb toward the $74,000–$76,000 range if shipping flows through the Strait of Hormuz normalize and oil prices stabilize. However, renewed conflict or supply disruptions could push prices back toward the mid-$60,000 levels. Highlighting how closely crypto markets are now tied to global macro and geopolitical developments.

Clever Robot News Desk 26^th March 2025