Bitcoin Surges Past $80,000 as Trump’s Project Freedom Eases Strait of Hormuz Fears

Bitcoin surged past $80,000, driven by President Trump’s ‘Project Freedom’ initiative aimed at securing neutral cargo ships stranded due to the Strait of Hormuz closure. This news led to a drop in oil prices, with Brent crude falling by 2.4% and WTI hovering near $102. Institutional inflows into US spot Bitcoin ETFs continued to support the rally.