Bitcoin moved toward the $65,000 level after former U.S. President Donald Trump posted that the Strait of Hormuz would be “open to all,” a statement that appeared to ease geopolitical tension and lift risk appetite across crypto markets.
Bitcoin tests $65K as traders react to Trump’s Hormuz comment
Trump made the statement on his Truth Social account, signaling a possible de-escalation around one of the world’s most critical shipping lanes. Bitcoin’s price pushed near $65,000 shortly after, as tracked on CoinGecko, though it had not decisively broken above that level at the time of writing.
The timing of the move suggests traders interpreted the Hormuz remark as a risk-on catalyst. However, Bitcoin’s price action around round-number levels is often driven by multiple factors, and the Trump post should be viewed as one input among broader macro conditions rather than a sole cause.
Why a calmer Hormuz outlook can lift crypto risk appetite
The Strait of Hormuz is one of the world’s most important energy chokepoints, with a significant share of global oil shipments passing through it daily, according to the U.S. Energy Information Administration. Any perceived threat to traffic through the strait tends to spike oil prices and increase macro volatility.
Trump’s comment arrived alongside reports from The Guardian that a preliminary U.S.-Iran peace deal could be signed within days. Together, these developments suggested lower near-term disruption risk in the Persian Gulf region.
Lower oil volatility tends to reduce inflation expectations and ease pressure on central banks, creating conditions where speculative assets like Bitcoin can attract more capital. The connection is indirect, but crypto markets have increasingly traded in step with broader macro risk sentiment over the past two years.
What the move means for Southeast Asian crypto traders
For traders on regional exchanges like Indodax and Tokocrypto in Indonesia, or Coins.ph in the Philippines, the Bitcoin move near $65,000 carries direct relevance. Global BTC price swings set the tone for local trading pairs, and geopolitical catalysts from the Middle East can ripple through Asian sessions as traders in the region wake up to overnight moves.
Southeast Asian crypto markets are also sensitive to oil price dynamics, given that several ASEAN economies are net energy importers. A calmer outlook on Hormuz shipping could ease local inflationary pressures, which in turn supports the broader risk environment that crypto thrives in. Recent developments in the digital asset space, such as Metaplanet’s push into Bitcoin finance in Japan, suggest growing institutional comfort with crypto across Asia-Pacific.
Whether Bitcoin can hold near $65,000 or push higher depends on whether the diplomatic momentum around Iran translates into a concrete agreement. Meanwhile, exchange-level events continue to shape trader behavior across the region, as seen with the recent temporary suspension of USDT withdrawals on the Tron network and Binance, Bybit, and Bitget canceling tokenized SpaceX IPO allocations. Traders should watch for confirmation from upcoming U.S.-Iran talks and any shifts in oil futures pricing for signals on Bitcoin’s next move.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
