The crypto market exploded Tuesday night as U.S. President Donald Trump unleashed a series of Middle East peace bombshells. He declared the Strait of Hormuz crisis resolved, mines cleared, and a forced halt to Israeli bombings in Lebanon. Risk-off sentiment evaporated, and hot money rushed into risk assets. Bitcoin (BTC) tore past $78,000, while Ethereum (ETH) crossed the psychological $2,450 mark.
Hormuz mines cleared, Lebanon ceasefire declared
Around 22:50 Beijing time on April 17, Trump announced on social media that the U.S. had assisted in fully clearing mines from the Strait of Hormuz and forcefully ended Israeli strikes on Lebanon. Global risk appetite turned sharply. Bitcoin, which had already broken $76,000 earlier at 21:00, accelerated its rally. Real-time data shows BTC hit $78,000 in a fierce upward move.
Ethereum breaks $2,450, Masi Brother nails exact take-profit zone
Ethereum climbed swiftly to breach $2,450. On-chain data revealed that Taiwanese celebrity Masi Brother (Jeffrey Huang) had set his take-profit range for a massive ETH long position on Hyperliquid at $2,420 to $2,450 — with floating profit near $2 million. As ETH surged past $2,450, the position likely triggered and exited perfectly. The former 'reverse indicator' pulled off an epic trade.
After such an aggressive rally, funding rates on derivatives could swing wildly. Investors should watch for pullback risks and manage leverage tightly.