The weekend is not peaceful! These 3 major events directly affect the cryptocurrencies you hold

Summary of news on May 30th, these 3 things, each could cause a "market turnaround".

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First: The Strait of Hormuz, another incident

Simply put, it's the "throat of global oil transportation".

Saturday news: Mines were found in Oman’s territorial waters of the Strait of Hormuz, and Oman has issued navigation warnings.

What does it mean?

This strait accounts for one-fifth of global oil transportation. Recently, news of lifting the blockade emerged, and Bitcoin rebounded to $74k. Now, the situation in the strait has worsened, and geopolitical risk premiums are back in the market.

Impact on the crypto world:

· Strait issues → Oil prices rise → Inflation pressure increases → Federal Reserve dares not cut rates → Bearish
· But short-term panic sentiment may also cause some safe-haven funds to temporarily flow into Bitcoin

Short-term volatility is due to emotional battles, not because fundamentals have improved!

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Second: Iran stands firm, rejects the final ultimatum

Iranian officials stated: They reject Western ultimatums and focus on establishing a new order in the Strait of Hormuz.

At the same time, they announced that the Iranian parliament will pass a sovereignty plan for the Strait of Hormuz.

What does this mean? Ceasefire negotiations are stalled again.

Previously, the market expected a ceasefire agreement to be finalized, and Bitcoin rebounded weakly from its May 28 decline. Now, Iran’s firm stance has again stalled negotiations.

Impact on the crypto world:

Geopolitical deadlock continues → Uncertainty persists → Funds dare not enter aggressively → Market continues to fluctuate within a range.

The agreement initially scheduled by the U.S. has been temporarily delayed, with serious disagreements within the White House over the terms. In the short term, the market will fluctuate with the news, making trend trading difficult.

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Third: The U.S. just seized $1 billion in Iranian crypto assets

U.S. Treasury Secretary Bessent personally confirmed: The U.S. has seized about $1 billion of Iranian crypto assets, directly taking the wallets.

This is an official confirmation, not a rumor.

Impact on the crypto world:

This event has two implications:

Bearish side: The narrative of Bitcoin as decentralized, censorship-resistant, and sovereignly independent has been shaken. If even assets of sovereign nations can be seized, does the story of digital gold still hold?

Bullish side: Because such risks exist, funds tend to prefer Bitcoin (rather than centralized stablecoins like USDT). Fidelity’s latest report states that under geopolitical tensions and financial sanctions, Bitcoin is being discussed as a neutral, confiscation-resistant international settlement and reserve asset.

In the short term, it impacts sentiment, but in the long run, it may strengthen the narrative of Bitcoin de-dollarization.

My opinion

These 3 news items combined:

· Strait issues (bearish)
· Iran’s firm stance and stalled negotiations (bearish)
· U.S. seizure of crypto assets (short-term bearish sentiment)

Looking at the chart:
Stabilizing around 72,600 with slow upward oscillation, 76,200 is the recent top. If it reaches there, definitely go short!

Additionally: Since SpaceX is going public on June 12, Dogecoin will follow the hot trend and rise a bit. It’s worth buying some now and selling before June 12.

#btc #doge