Bitcoin Holds Near $77K as Iran-US Peace MOU Emerges

Bitcoin trades near $77,600 on May 25 after Iran launched the BTC-backed Hormuz Safe insurance platform in mid-May and amid reports of an advancing Iran-US peace memorandum. The asset recovered from March lows near $70,000 despite oil spikes above $125 and $290 million in ETF outflows that triggered a $90 billion crypto-market decline. Prediction markets consistently priced resilience above $66,000-$68,000 through the Strait of Hormuz disruptions, while coordinated IEA and SPR releases of 572 million barrels eased energy pressures and supported a potential test of $80,000 before summer.