"The conflict in the Middle East has highlighted the Strait of Hormuz as a single point of failure when it comes to getting oil, gas, and critical raw materials out of the Gulf region," Geraint John, Vice President of Research and Advisory of Zero100, told TheStreet Roundtable.

Bitcoin continues to show remarkable resilience this Saturday, holding steady at $77,743.7 as of 05:46 ET (10:46 GMT).

Capital has flowed into bitcoin through multiple channels, which makes it less likely that bitcoin sees a sharp reversal like in previous months, and more likely that the rally builds momentum.

Iranian officials said Bitcoin payments would ensure the tolls “can’t be traced or confiscated due to sanctions.”

Bitcoin is stabilizing in the $75,000-$78,000 range following the U.S.-Iran ceasefire, and the Polymarket contract for a BTC dip to $60,000 in April sits at 1% YES, unchanged from yesterday.

Iran demands Bitcoin payments from oil tankers at the Strait of Hormuz. The unprecedented move could push bitcoin toward $100,000 as crypto markets surge.

Hundreds of ​vessels are currently stranded west of the Strait, which Iran has blockaded in response to the US blockading Iranian ports. In normal times around a fifth of the world's oil and natural gas passes through the shipping channel.

Iran has threatened to retaliate after the US military seized an Iranian cargo ship, which sent Bitcoin tumbling below $74,000 after hitting multi-month highs over the weekend.

Bitcoin climbed above $79,000 after Trump extended the Iran ceasefire, boosting risk assets across equities and crypto markets.

The S&P 500 and Nasdaq gave back their early morning gains alongside BTC as markets digested the Fed Chair nominee's Senate confirmation hearing.

Vance's 21-hour Iran talks ended with no deal. Traders warn bitcoin could retest $65,000 if escalation resumes or target $80,000 on diplomacy.