Iran announced the full reopening of the Strait of Hormuz to all commercial vessels, triggering an 11% crash in oil prices to $85.90 per barrel. The crypto market reacted instantly: Bitcoin (BTC) broke above $78,000, wiping out over $1 billion in short positions stacked above $77,000, according to Yahoo Finance. The Coinbase Premium Index hit its highest level since October 2025, signaling strong U.S. spot demand entering the market.
Exchange volume surged 32% to $53.7 billion in 24 hours. Meanwhile, Goldman Sachs filed for a Bitcoin ETF this week, and Morgan Stanley launched a Bitcoin-tracking ETF the previous week. Institutional inflows are providing a solid foundation for this rally. Technically, BTC cleared the 100 EMA at $75,283, and the MACD printed its most bullish daily crossover since the bull peak. Resistance lies at $80,000, followed by the 200 EMA at $82,988, and then $85,000.
Pepeto Presale: $9.17M Raised, Binance Listing Locked
Alongside Bitcoin's surge, the Pepeto presale has raised over $9,170,333 at a token price of $0.0000001865. The project confirmed its Binance listing is locked in and offers 182% APY staking. All smart contracts have been audited by SolidProof. The team includes the co-founder of the original Pepe token (which reached an $11 billion market cap) and a former Binance operations specialist.
The Pepeto ecosystem includes a zero-fee decentralized exchange (PepetoSwap), a cross-chain bridge (PepetoBridge), and a risk scanner. These tools provide cost advantages and cross-chain asset transfer capabilities. Analysts cited in the original material suggest that large wallets are accumulating such early-stage tokens, mirroring the accumulation pattern of Bitcoin when it was below $4,000.
Analyst projections mentioned in the source material indicate Pepeto could deliver 100x gains after its Binance listing, whereas Bitcoin would need to break $93,000 to achieve similar returns, a process that could take months. However, these projections are the author's views and not investment advice.
Overall, the macro shift triggered by the Strait of Hormuz reopening, combined with the Bitcoin short squeeze and institutional ETF filings, has injected short-term vitality into the crypto market. The success of Pepeto's presale reflects some capital chasing high-risk, high-reward early-stage projects. Investors should be mindful of market volatility and make independent decisions.