The situation in the Strait of Hormuz is becoming the final straw crushing the market.



The Iranian authorities have explicitly stated that, due to the ongoing breach of contract by the United States and threats to Iranian port ships, it is currently impossible to restore maritime traffic unilaterally.

As a global energy lifeline, if this passage remains blocked, oil prices will rise, inflation expectations will heat up, and global risk assets will face systemic pressure. The crypto market naturally cannot remain unaffected.

Looking at the charts, the high-level surge and pullback of Bitcoin and Ethereum essentially already reflect the market's risk-avoidance sentiment.
$BTC $ETH
BTC1.73%
ETH1.59%
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