BTC is currently at $75,520, sensitive to the Strait of Hormuz issue. If the strait is closed, oil prices will spike sharply, inflation will rise, and risk-off sentiment will dominate. Historically: BTC fell below $99K when Iran threatened to close the strait, then dropped to $70K during the US blockade. Investors fled to the dollar. However, if the strait reopens, BTC quickly rebounds 2.8-4% due to a short squeeze. Short-term bearish if the conflict escalates. Medium-term depends on the duration of the closure and the Fed's response. The narrative of digital gold could emerge.

BTC-0.46%
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