US Transfers Iranian Ship Tuska to Pakistan Amid Hormuz Blockade Talks

Bitcoin

Sustained tension in the Strait of Hormuz historically drives oil price spikes, weakens the U.S. dollar, and fuels risk‑off sentiment. Crypto, especially Bitcoin, has behaved like a hedge against fiat inflation in past crises but also suffers when investors flee to traditional safe‑havens such as gold. The market is currently in a neutral phase with BTC dominance high, so any shift in macro risk will disproportionately affect Bitcoin versus altcoins.

U.S. President Donald Trump said the United States will not lift the Hormuz blockade until a deal is made with Iran.