A piece of news has been underestimated.


While the US-Iran ceasefire negotiations are ongoing, there have been no commercial ships passing through the Strait of Hormuz for three days.
This information is quite dry, let me explain: the Strait of Hormuz transports 17 million barrels of oil daily, accounting for 20% of global maritime oil transportation.
If something goes wrong here, oil prices will skyrocket, and global risk assets will be dragged down.
BTC has been holding back recently, and if oil prices rise again because of this, the Federal Reserve's rate cut expectations will be pushed further back, which is not good news for cryptocurrencies.
It may not happen, but this variable is worth watching.
BTC0.51%
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