Bitcoin rises to $77,000 ahead of Fed decision as Trump preps for lengthy Hormuz block

Bitcoin is sitting almost still while the rest of the majors give back gains and oil pushes above $111 on reports of an extended U.S. naval blockade against Iran. What to know : Bitcoin is trading in a tight range just below $77,000 despite surging oil prices and geopolitical tensions over a potential extended U.S. naval blockade of the Strait of Hormuz. Major altcoins including ether, XRP, Solana and BNB have fallen over the past week while dogecoin is the only top-10 non-stablecoin token to post gains, lifting bitcoin’s market dominance. Analysts say bitcoin’s muted reaction reflects supply exhaustion and lower sensitivity to regulatory and central bank news, with $75,000 seen as key downside support and a move back toward $80,000 needed to preserve the current rally structure.(Coindesk)