Bitcoin price jumps towards $80,000 after Strait of Hormuz shipping route declared open

Editor’s note: Since publication, Iran has moved to close the Strait of Hormuz again, and Bitcoin has pulled back from Friday’s rally to around $76,400 on Saturday, April 18, trimming the earlier risk-on move. Bitcoin climbed toward $80,000 after Iran said the Strait of Hormuz was fully open to commercial traffic for the remainder of [ ]