Bitcoin surges past $80,000 as risk-on sentiment follows US operation easing oil supply fears

President Donald Trump announced Project Freedom Sunday, directing US forces to guide stranded commercial vessels through the Iranian-blocked Strait of Hormuz starting Monday Middle East time.

The coordination cell involves US Central Command assets including destroyers, aircraft, and 15,000 personnel. Trump responded to requests from neutral nations for humanitarian aid freeing ships carrying energy and cargo.

Approximately 20% of global oil transits the strait daily. Disruptions spiked Brent crude to $95 per barrel before the announcement.

Trump warned interference would meet forceful response while noting positive Iran talks. The plan excludes active warship escorts, focusing on coordination with insurance firms and shipping operators.

Iran threatened retaliation against Project Freedom, denying US Navy strike reports. Tehran demands oversight to prevent arms transfers during ceasefire.

Bitcoin price surged past $80,000 for the first time since January, hitting $80,529 intraday. The rally liquidated $160 million in shorts amid $300 million crypto-wide wipeouts.

Spot Bitcoin ETFs recorded fifth weekly inflows, bolstering sentiment. Market cap reclaimed $2.7 trillion post-Hormuz de-escalation signals.

Oil majors like Exxon and Chevron gained 3-5% on safe passage assurances. Shipping insurers adjusted premiums downward.

Project Freedom follows March offers for political risk insurance via DFC. Allies including UK and France delayed joint operations, prompting unilateral action.

Global leaders welcomed the initiative. Japan and South Korea requested priority for 12 stranded tankers.

Iran maintains toll demands in Bitcoin or yuan for passage, rejected by Trump. Ceasefire holds fragile amid talks.

The development stabilizes energy markets while boosting risk assets. Bitcoin holds $79,500 gains.