Hormuz | Crypto

Bitcoin rallied to $72,500 as US stocks reacted to US efforts to blockade the Strait of Hormuz. Despite the rebound, BTC traders warned that a price correction remains a risk. Bitcoin (BTC) reversed its losses after Monday’s Wall Street open as markets digested the newest developments in the US-Iran war. Key points: Bitcoin joins US stocks in a relief bounce despite the US blockade of the Strait of Hormuz going ahead. Read more

Oil prices spiked on the Hyperliquid platform after President Donald Trump ordered a naval blockade of the Strait of Hormuz

"Effective immediately, the United States Navy ... will begin the process of blockading any and all ships trying to enter, or leave, the Strait of Hormuz," said the president in a social media post.

A two-week conditional ceasefire between the U.S. and Iran has forced a rapid rewrite of the Strait of Hormuz trade, but it has not fully restored the pre-war macro backdrop. Oil has fallen sharply from the panic highs, global equities have rallied, and Bitcoin has rebounded with them. That is a clear break from the […] The post Bitcoin’s rebound may be fragile as Wall Street warns Hormuz disruption is not really over appeared first on CryptoSlate.

Empty tankers will reportedly be permitted to pass through the waterway under the US-Iran deal, but certain ships will need to pay a tariff of $1 per barrel of oil in Bitcoin. Hours after US President Donald Trump claimed that Iran and the United States had agreed to a two-week ceasefire that included opening the Strait of Hormuz, Iranian authorities are reportedly considering charging ships using the waterway in cryptocurrency. According to a Wednesday Financial Times report, a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union said empty oil tankers will be able to pass through the Strait of Hormuz without incurring charges, but certain ships will need to pay a tariff of $1 per barrel of oil in Bitcoin (BTC). The spokesperson, Hamid Hosseini, reportedly said Iranian authorities would also assess each ship using the waterway over the two-week period to ensure it wasn’t transporting weapons. Read more

Iran’s reported Bitcoin tolls at Hormuz point to a new use case for crypto, sanctions-resistant trade infrastructure Iran is reportedly planning to charge oil tankers a Bitcoin-denominated toll for passage through the Strait of Hormuz. The move would be significant as it extends beyond price action, ideology, or adoption rhetoric. The development places Bitcoin inside […] The post Iran wants Bitcoin as payment to guarantee ships safe passage through the Strait of Hormuz – FT appeared first on CryptoSlate.

Iran plans to collect cryptocurrency and other digital payments as transit fees from fully loaded oil tankers passing through the Strait of Hormuz, said the report.

Bitcoin rose with the rest of the crypto market on Monday after President Donald Trump struck a mixed tone on a possible deal with Iran to reopen the Strait of Hormuz, prompting a relief rally that lifted prices but left the broader market setup unresolved. According to CryptoSlate's data, the largest cryptocurrency briefly climbed above […] The post Why Bitcoin briefly jumped above $70,000 on Iran deal hopes as Trump’s Hormuz threat keeps rally fragile appeared first on CryptoSlate.

Bitcoin held near $66,000 on Sunday, March 1, after a weekend geopolitical shock tied to U.S. and Israeli strikes on Iran, setting up Monday’s U.S. reopen as the first major liquidity and spot ETF flow test of the rebound. The diplomatic alarm bell rang alongside the price rebound. At an emergency U.N. Security Council meeting, […] The post Bitcoin price rebound comes under threat from UN Security Council alarm and Hormuz oil scare appeared first on CryptoSlate.

Risk assets would take a significant hit if Iran closes the Strait of Hormuz, a narrow waterway supplying 20% of the global oil trade. The price of Bitcoin (BTC) remains resilient, despite the recent Israeli airstrike on Iran, but could see a sharp correction in the short-term if Iran closes the Strait of Hormuz — a critical route for oil shipments — impacting all risk-on assets, according to Coin Bureau founder and market analyst Nic Puckrin. Bitcoin's short-term price action "depends on how things develop today and over the weekend," in the Israel-Iran conflict, the analyst wrote on Friday, adding: However, Puckrin stressed that Bitcoin's long-term price outlook is less influenced by geopolitics and more tied to the declining value of the US dollar, which just hit its lowest level in three years — suggesting long-term upside for the supply-capped asset. Read more