US Forces Down Iranian Drones Near Strait of Hormuz After Trump Remarks

Bitcoin

The market is already pricing in maximum pessimism with BTC at $61,336 (30% below all-time high), while this geopolitical event highlights crypto's continued classification as a risk asset. Historically, such extreme fear readings (below 20) have preceded 40-60% rallies within 3 months, as seen in March 2020 and June 2022, indicating this may mark a capitulation point.

US Central Command announced it struck Iranian drones and radar sites in the Strait of Hormuz.