Bitcoin Slides Below $78,000 as CLARITY Act Passes Senate Committee, Iran Strait Tensions Mount

Bitcoin

The Strait of Hormuz handles ~20% of world oil flow; any disruption spikes crude prices, fuels inflation expectations and pressures central banks toward tighter policy. Crypto, especially BTC, is caught between its risk‑asset nature and its emerging “digital gold” narrative, creating a sharp divergence in short‑term market positioning.

Iran's chief negotiator said violations by the United States and Israel make it impossible to open the Strait of Hormuz.