🚨 Aug 29 18:50 | Crypto Evening Express
Bitcoin drops below $78,000; Ethereum falls below $2,440.
Who did it? Hormuz.
At 2:30 p.m., Iran’s Revolutionary Guard Navy announced: the Strait of Hormuz will be closed to all uncoordinated vessels. An hour earlier, Trump was still bragging that “the strait is open,” only to be slapped in real time.
The ripple effects:
⚡ Saudi to China VLCC daily charter rates hit $656,000, up 10x year-over-year
⚡ Trump simultaneously announced the takeover of Venezuela’s 65.0 billion barrels of oil reserves (joint venture share: 55%)
⚡ BTC spot ETF ends a run of 9 straight net inflows; institutional FOMO is cut off by geopolitics
⚡ Total market cap erases 5% in 24h, and BTC’s share climbs back to 59.5%
On-chain signals:
🐋 Whales have continued to sell in the 77,000–77,500 range
🌱 Base / Arbitrum daily active users hit a new high; L2s attract capital against the trend
💰 SOL chain meme and DePIN trading volume hasn’t faded
As usual, watch the key levels:
• BTC first support: 76,500; if broken, look at 71,000
• ETH is weaker than BTC, downside 2,300 / 2,200
• Before the September Fed rate decision, it’s recommended to keep position size ≤50%
Don’t bet against Hormuz. Good night.
$BTC $ETH #BTC #霍尔木兹 #crypto-evening-news
Bitcoin drops below $78,000; Ethereum falls below $2,440.
Who did it? Hormuz.
At 2:30 p.m., Iran’s Revolutionary Guard Navy announced: the Strait of Hormuz will be closed to all uncoordinated vessels. An hour earlier, Trump was still bragging that “the strait is open,” only to be slapped in real time.
The ripple effects:
⚡ Saudi to China VLCC daily charter rates hit $656,000, up 10x year-over-year
⚡ Trump simultaneously announced the takeover of Venezuela’s 65.0 billion barrels of oil reserves (joint venture share: 55%)
⚡ BTC spot ETF ends a run of 9 straight net inflows; institutional FOMO is cut off by geopolitics
⚡ Total market cap erases 5% in 24h, and BTC’s share climbs back to 59.5%
On-chain signals:
🐋 Whales have continued to sell in the 77,000–77,500 range
🌱 Base / Arbitrum daily active users hit a new high; L2s attract capital against the trend
💰 SOL chain meme and DePIN trading volume hasn’t faded
As usual, watch the key levels:
• BTC first support: 76,500; if broken, look at 71,000
• ETH is weaker than BTC, downside 2,300 / 2,200
• Before the September Fed rate decision, it’s recommended to keep position size ≤50%
Don’t bet against Hormuz. Good night.
$BTC $ETH #BTC #霍尔木兹 #crypto-evening-news