Crypto Market News Today: Strait of Hormuz Reopens as T4urox IO (T4UX) Decentralized Hedge Fund Hits $1M

Explore today's crypto market surge as Bitcoin climbs past $78,000 following the reopening of the Strait of Hormuz, while the T4urox IO decentralized hedge fund hits $1M.

In a dynamic shift that has sent ripples through the crypto investment sphere, Bitcoin has surged past $78,000, and a new decentralized hedge fund is making waves. What’s causing this buzz in the crypto market today? Why Did Bitcoin Surge Past $78,000? Earlier this week, Iran declared the Strait of Hormuz “completely open,” a significant development that catalyzed a global risk-on rally. The reopening of this crucial shipping channel sparked bullish sentiments, propelling Bitcoin's price through the $78,000 mark. As a result, the S&P 500 also achieved a record close at 7,121.76. These movements symbolize a remarkable recovery from weeks of 'Extreme Fear' as measured by the Fear and Greed Index, which has flipped to 'Greed' amidst these favorable conditions. What Are the Current Prices of Major Cryptocurrencies? As of today, Bitcoin is trading near **$77,800** with 24-hour trading volume hitting **$144 billion**. Ethereum has stabilized around **$2,350**, and XRP is sitting at **$1.44** as investors eagerly await decisions regarding Q2 spot ETFs. The excitement in the market is tangible as institutional flows continue to pour into significant crypto assets. What Is T4urox IO (T4UX) and Why Is It Significant? Adding to the excitement, T4urox IO (T4UX), a decentralized hedge fund protocol, has successfully raised over **$1 million** across three sold-out presale rounds, with its fourth phase now live at **$0.018**. This innovative hedge fund is designed to operate non-custodially, utilizing AI agents that will trade pooled capital across both decentralized and centralized venues. Once the presale concludes, T4urox IO allows for on-chain trading through smart contract-controlled vaults with strict risk measures in place. Centralized exchange trading will also utilize sub-accounts on platforms like Binance , Bybit , and OKX , giving agents trade execution rights while maintaining a robust safety net. How Does the Profit Distribution Work? Investors in the T4UX token can