{"id":537041,"date":"2026-04-18T02:40:13","date_gmt":"2026-04-18T02:40:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/537041\/"},"modified":"2026-04-18T02:40:13","modified_gmt":"2026-04-18T02:40:13","slug":"crypto-stocks-surge-10-20-as-bitcoin-hits-78k-on-iran-talks","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/537041\/","title":{"rendered":"crypto stocks surge 10%-20% as bitcoin hits $78K on Iran talks"},"content":{"rendered":"

Crypto-linked stocks surged Friday, led by a sharp rally in beaten-down digital asset treasury firms, as progress toward ending the Iran war jolted risk assets, sending bitcoin BTC$77,405.26<\/a> to a two-month high of $78,000.<\/p>\n

U.S. President Donald Trump said in a Truth Social post that Iran committed to keeping open the Strait of Hormuz, a key artery for global energy markets.<\/p>\n

“Iran has just announced that the Strait\u2026 is fully open and ready for full passage,” Trump said in a Truth Social post, adding that peace talks between the countries were progressing. Reports that the U.S. is considering unfreezing $20 billion in Iranian assets and Trump’s remarks about acquiring Iran’s enriched uranium further boosted sentiment.<\/p>\n

As the headlines helped calm fears of a prolonged energy shock, crude oil tanked 13% to near $80 per barrel.<\/p>\n

Risk-on signal<\/p>\n

“The reopening of the Strait of Hormuz is the risk-on signal the global markets have been waiting for,” said Matt Mena, senior crypto research strategist at digital 21shares.<\/p>\n

“By removing one of the most significant geopolitical chokepoints in the world, Iran has effectively uncorked a massive wave of liquidity and investor confidence,” he added. “With oil nose diving below $85 for the first time in a month, inflation fears may finally come to an end.”<\/p>\n

Bitcoin BTC$77,405.26<\/a> climbed to $78,000, breaking out from a two-month range that capped prices since early February and up nearly 5% over the past 24 hours.<\/p>\n

The move rippled across the broader cryptocurrency prices higher, with major altcoins ether (ETH), Solana (SOL) and XRP (XRP) posting 4%-5% gains.<\/p>\n

Looking at crypto-related equities, the biggest winners were crypto treasury firms \u2014 companies that hold digital assets on their balance sheets \u2014 which had been heavily battered in recent months.<\/p>\n

Trump-family-backed American Bitcoin (ABTC) jumped more than 21%, while Strategy (MSTR) surged 13%. Strive (ASST) and ProCap (BRR) added around 10%-11% as investors rotated back into high-beta bitcoin exposure.<\/p>\n

Similar moves played out across altcoin-linked equities. Forum Markets (FRMM), an Ethereum-focused treasury firm that pivoted to tokenization, climbed 19%, while Solana-linked names like Solmate (SLMT) and Upexi (UPXI) gained 12%-11%.<\/p>\n

Other digital asset-related stocks also advanced: Coinbase (COIN) rose more than 6%, Galaxy (GLXY) gained 8%, and Bullish (BLSH) rose 4.5%.<\/p>\n

Just after the noon hour on the East Coast, the Nasdaq and S&P 500 were each higher by about 1.4%, both jumping to new record levels.<\/p>\n","protected":false},"excerpt":{"rendered":"Crypto-linked stocks surged Friday, led by a sharp rally in beaten-down digital asset treasury firms, as progress toward…\n","protected":false},"author":2,"featured_media":537042,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[779,84,86137,141,780,59,585,64182,56,54,55],"class_list":["post-537041","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bitcoin","tag-business","tag-digital-asset-treasury","tag-donald-trump","tag-ethereum","tag-gb","tag-iran","tag-solana","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/537041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=537041"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/537041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/537042"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=537041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=537041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=537041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}