Bitcoin

This event is a reminder that geopolitical bottlenecks in critical chokepoints (like the Turkish straits) can have outsized effects on global trade and inflation. For crypto, which trades as a risk asset, such disruptions typically add to volatility, but the resolution here is neutral-to-slightly-positive as it reduces uncertainty.

Turkey resumed allowing ships to transit its straits to the Black Sea after unexplained delays amid heightened security risks.