The Strait of Hormuz has reopened, and BTC has bounced back along with Trump's Twitter. When it comes to geopolitical risks, it still depends on the old man's mood.

BTC-0.36%
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CoinNetwork
CryptoWorld News: Bitcoin has risen to approximately $74,000 after Trump announced the end of the naval blockade in the Strait of Hormuz, reversing the previous downward trend. Trump stated on social media that the U.S. Navy's blockade has been lifted, easing geopolitical pressure on cryptocurrencies and the oil market. The end of this blockade is seen as a signal of risk assets returning, driving Bitcoin prices higher. Trump's statement ended the tension that began in April, when he first ordered the blockade, causing Bitcoin to briefly drop to $71,000.
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