Bitcoin maintained its position near $76,500 despite market volatility triggered by rumors that Iran may require Bitcoin payments for vessels passing through the Strait of Hormuz. Reports suggest that Iran's new transit arrangement, "Hormuz Safe," could impose a $2 million Bitcoin fee per passage, potentially heightening geopolitical tensions and impacting global energy transit. The crypto market also faced pressure from capital outflows, with the total market capitalization dropping by 1.87% to $2.55 trillion. Bitcoin's trading volume reached $40.74 billion, while over $600 million in long positions were liquidated. Bitcoin investment products saw net outflows of $982 million, and Ethereum-related products experienced $249 million in outflows. Despite these challenges, Bitcoin found support above $76,000, with resistance at $77,400 and potential for a rebound if geopolitical risks and capital outflows stabilize.