Bitcoin

This incident highlights the fragility of the US-Iran truce, with conflicting narratives undermining credibility. For crypto, the pattern has been that such geopolitical shocks initially trigger risk-off (sell crypto), but if they persist, they can later boost Bitcoin as a non-sovereign store of value—especially if oil-driven inflation pressures central banks to slow tightening.

An exchange of fire occurred in the Strait of Hormuz, with Trump stating the US-Iran ceasefire remains in place while Iran accused the US of violating the truce.