🇺🇸 🇮🇷 The Strait of Hormuz has been closed for the 38th day, and Trump's "48-hour ultimatum" has evolved into "one more day," while Bitcoin fluctuates between $69k and $70k — the crypto market is being repeatedly pressed and rubbed by geopolitical tensions.

🔔 Trump just warned that "48 hours remain," claiming he will "destroy Iran's power plants and bridges," then postponed the deadline to 8 p.m. Eastern Time on April 7, and declared that "deep negotiations are ongoing with Iran, and there is a good chance of reaching an agreement," saying "All hell will reign down," but quietly extending the deadline — this is the current reality.

Iran also remains firm, with the Supreme Leader reiterating that "the blockade of the Strait of Hormuz must continue," and the Revolutionary Guard launching the 96th and 97th waves of attacks, claiming to have destroyed multiple U.S. targets in the Persian Gulf. Spot Brent crude oil once surged to $141.37 per barrel, a new high since the 2008 financial crisis.

📉 However, every $10 increase in oil prices raises the CPI by about 0.4 percentage points. The Federal Reserve's rate cut expectations are nearly zero, with CME data showing only a 1.8% chance of a rate cut by June. Fed Chair Jerome Powell explicitly stated a "wait-and-see" approach and does not plan to "ignore" this supply shock — in a high-interest-rate environment, risk assets like cryptocurrencies are among the first to be affected.
@$BTC