Geopolitical risks cause the market to dump immediately. If the Strait of Hormuz stays closed for too long, oil prices and inflation expectations will both surge. First, watch whether BTC can quickly recover its support after breaking 71k.

BTC1,04%
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#Gate广场四月发帖挑战 Sudden double critical hit! The Strait of Hormuz closes again, Bitcoin drops below $71,000, what’s next after a 2,000-point shakeout? Cryptocurrency market and geopolitical situation
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