BTC, ETH, SOL price news: crypto stocks surge 10%-20% as bitcoin hits $78K on Iran talks

Bitcoin reaches $78K amid positive Iran talks, boosting altcoins like ETH and SOL, and driving crypto stocks up 10%-20%.

Bitcoin (BTC) has surged to a remarkable $78,000 as positive developments in Iran have boosted investor confidence and risk appetite in the cryptocurrency market. This uptick represents a two-month high for Bitcoin, igniting a ripple effect that saw altcoins like Ethereum (ETH), Solana (SOL), and XRP experience gains between 4% to 5%. As this momentum builds, digital asset treasury firms have also enjoyed a significant bounce, leading to gains of up to 20% across various crypto stocks. What’s Driving the Surge in Bitcoin Prices? Recent statements by U.S. President Donald Trump regarding open negotiations with Iran have been pivotal in this price movement. Trump announced via Truth Social that Iran has committed to keeping the Strait of Hormuz open, signaling potential stability for global energy markets. This announcement stirred hopes for peace and eased fears of an extended energy crisis, particularly after reports emerged that the U.S. could unfreeze $20 billion in Iranian assets. As fears of inflation begin to wane, crude oil prices have fallen about 13% , nearing $80 per barrel. The decline in oil prices has generally been viewed as a “risk-on” signal, encouraging investors to shift towards riskier assets like cryptocurrencies. “The reopening of the Strait of Hormuz is the risk-on signal the global markets have been waiting for,” said Matt Mena, senior crypto research strategist at 21shares. How Are Altcoins Responding? Alongside Bitcoin's impressive performance, major altcoins have also enjoyed gains. Ethereum and Solana have both seen increases of approximately 4% to 5% . The overall excitement surrounding Bitcoin has directly impacted these altcoins, and investors are now closely watching these markets for further developments. What About Crypto Stocks? The surge in cryptocurrencies has translated into remarkable performance for crypto-related stocks, particularly those linked to digital asset treasury firms. American Bitcoin (ABTC), backed by the Trump fami