Bitcoin fell as news that the Hormuz Strait could be blockaded weighed on sentiment. As of 08:00, it traded around $70,802, down about 3.36% from the prior close. The move followed heightened concerns that geopolitical developments could disrupt shipping lanes and global trade, sparking a broader risk-off tone in crypto markets.
Trump stated on Truth Social that talks had progressed on most issues, but the core nuclear matter remained unresolved. He warned the U.S. Navy would begin blocking passage and detaining ships that pay tolls to transit the area, signaling an immediate impact on maritime traffic and market expectations.
Altcoins were mixed, with Ethereum down 4.03% to $2,194; Ripple down 2.48% to $1.32, and Solana slipping 3.87% to $82. On the domestic exchange, Bitcoin traded around $71,095, up 0.18% from the prior day, while the Kimchi Premium stood near 0.51%.
Leave a Reply