Iran's closure of the Strait of Hormuz, reported at 15:16 UTC, coincided with a 5% weekly surge in Bitcoin, which subsequently dropped following the closure announcement at 15:16 UTC. Ethereum also experienced a price decrease. This suggests heightened geopolitical risk is influencing cryptocurrency sentiment, potentially creating short-term volatility. The event highlights the interconnectedness of global markets.

BTC-1.79%
ETH-2.88%
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