Strait of Hormuz.
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$BTC Bitcoin (BTC): Surged toward $77,000–$78,000, establishing a 10-week high and reclaiming the 100-day moving average.
Ethereum (ETH): Trades near $2,400 following its busiest quarter ever (200M+ transactions in Q1 2026); analysts eye $4,000 as whale accumulation rises.
XRP: Outperforming majors with an 8% weekly gain, currently hovering around $1.43 as Rakuten Japan integrates the token for payments.
Altcoin Movers: Highstreet (HIGH) exploded over 325% in 24 hours, while Alice (ALICE) and Portal (PORTAL) saw gains of 68% and 49%, respectively.
CoinDesk +8
Top News Headlines
Strait of Hormuz Reopening: Markets rallied broadly as Trump announced Iran's commitment to keep the strait open, cooling energy shock fears.
Institutional Adoption: Charles Schwab reportedly plans to list ETH and BTC for its 37 million clients, and TD Cowen issued a $140,000 BTC price target for 2026.
US Regulation Progress: The CLARITY Act is reportedly "close to completion," providing a long-awaited federal regulatory floor for stablecoins.
Pakistan Regulatory Pivot: The State Bank of Pakistan (SBP) has permitted regulated entities to open bank accounts for licensed Virtual Asset Service Providers (VASPs).
Security Breach: The RHEA lending protocol suffered an attack; however, over $3.3M USDC was successfully returned by the perpetrator.
#crypt #IranRejectsSecondRoundTalks $BTC $ETH