Bitcoin vs. the Strait of Hormuz
One waterway. One-fifth of the world's seaborne oil. And it's now shaking your crypto portfolio.
After Trump rejected Iran's proposal to reopen Hormuz, BTC slid to ~$83K and the total market cap dipped to $2.86T.
Why crypto feels it:
đąïž Oil up â inflation fears up
đŠ Fed rate hike bets rising
đ Thin liquidity â sharp, sudden drops
Watch these levels:
đ» Support: $83K
đș Resistance: $86Kâ$87K
đ This week's US inflation & jobs data
Peace deal = relief rally. Escalation = more pain.
Are you buying the dip or waiting for clarity? đ
#crypto #Geopolitics
One waterway. One-fifth of the world's seaborne oil. And it's now shaking your crypto portfolio.
After Trump rejected Iran's proposal to reopen Hormuz, BTC slid to ~$83K and the total market cap dipped to $2.86T.
Why crypto feels it:
đąïž Oil up â inflation fears up
đŠ Fed rate hike bets rising
đ Thin liquidity â sharp, sudden drops
Watch these levels:
đ» Support: $83K
đș Resistance: $86Kâ$87K
đ This week's US inflation & jobs data
Peace deal = relief rally. Escalation = more pain.
Are you buying the dip or waiting for clarity? đ
#crypto #Geopolitics