Geopolitical Tension (The Strait of Hormuz)
There is significant global anxiety today regarding developments in the Strait of Hormuz (related to Iran and Israel-linked forces).
The Impact: Oil prices have surged to $107 per barrel.
The Result: When oil spikes, it fuels inflation fears. Investors move money out of "Risk-On" assets like Crypto and into "Safe Havens" like Gold.$BTC
BTC
73,599.47
-0.25%
BNB
667.32
+4.50%
ETH
2,015.8
-0.01%