Bitcoin

This incident escalates tensions in the Strait of Hormuz region, threatening oil supply routes and potentially leading to broader sanctions enforcement actions. For crypto, which is currently in extreme fear (Fear & Greed 10), any incremental risk-off impulse could push BTC below the psychologically crucial $60k support, but extreme fear levels have historically preceded reversals.

A sanctioned oil tanker with Indian crew was hit by a US missile off Oman, and the crew issued a distress call stating the ship was on fire and sinking.