Bitcoin Dips Below $75,000 as Strait of Hormuz Sees Zero Oil Tankers for First Time in History
BeInCrypto
Bitcoin dropped below $75,000 as geopolitical tensions surged following the historic closure of the Strait of Hormuz and collapsed US-Iran diplomatic negotiations.Summary
Bitcoin prices fell below $75,000 as geopolitical instability escalated in the Middle East. For the first time in history, the Strait of Hormuz has experienced a complete halt in oil tanker traffic, a move coinciding with the breakdown of diplomatic negotiations between the United States and Iran. President Trump has threatened significant military retaliation against Iran, exacerbating investor anxiety and fueling a shift toward traditional safe-haven assets over cryptocurrencies.
(Source：BeInCrypto)