Bitcoin trades above $77,000 as oil's 5% slide pushes Asian equities higher

Oil’s 5% drop on potential Strait of Hormuz reopening boosted Asian equities and supported crypto sentiment. What to know : Bitcoin trades near $77.2K, holding above its 50-day average, while ETH, XRP, and SOL lag below theirs. Oil’s 5% drop on potential Strait of Hormuz reopening boosted Asian equities and supported crypto sentiment. Caution persists as ETF outflows exceed $2 billion in two weeks.