Crypto market hits $2.63T as Trump launches Strait of Hormuz security plan, Bitcoin tops $80K

The total cryptocurrency market cap rose to $2.63 trillion following President Trump's announcement of "Project Freedom," a U.S. military initiative to secure commercial shipping through the Strait of Hormuz starting May 4. Bitcoin surged past $80,000 with a 2.29% gain, while Zcash jumped 10% after breaking multi-month resistance. The announcement eased geopolitical tensions, leading to lower oil prices and gains in U.S. stock futures. Ethereum saw a sharp rise in validator exits due to recent DeFi security breaches, but the network remains stable with a larger entry queue. This de-escalation and security move have boosted investor confidence across crypto and equity markets.