Search results for Hormuz Strait
Crypto
Bitcoin drops toward $62,000 after Trump comments on Hormuz Strait
Bitcoin moved into a defence phase around $62,000 as risk assets weakened amid rising U.S.-Iran tensions. It fell further around the U.S. stock market open, Cointelegraph reported. Market anxiety grew after U.S. President Donald Trump said in a Fox News interview that the United States would directly operate the Strait of Hormuz, after Iran closed it over the weekend. Analysts cited growing short positions and warned $60,000 could come back into view.
Crypto
Wall Street jumps on hopes of Iran truce extension, bitcoin selloff deepens
U.S. stocks surged after reports that the United States and Iran agreed on a draft to extend a truce, adding about $350 billion in market value in a short time. Bitcoin moved the other way, extending losses and trading below $73,000 after falling more than 3 percent on the day. The draft would extend the truce for 60 days, but it is not final and still needs approval from Donald Trump and Iran’s top leadership.
Crypto
Iran digital insurance plan for ships in Hormuz Strait sparks controversy over authenticity
Reports say Iran is considering a digital marine insurance platform for ships passing through the Persian Gulf and the Hormuz Strait, with bitcoin and other cryptocurrencies mentioned as premium payment methods. Images of a website called Hormuz Safe circulated on social media, but its authenticity and whether the plan will be implemented remain unconfirmed and the site is now inaccessible. A local outlet reported the plan could generate more than $10 billion in income.
