⚜️✨️💥 Bitcoin's Ceasefire Rally Dies Fast as War Chaos Returns
The pattern is becoming familiar. Geopolitical headline drops, algos bid, humans follow, then reality arrives. BTC’s short-lived ceasefire rally marks the third time in two weeks the market has bounced on Middle East news only to swiftly sink.
The structural problem is the Strait of Hormuz. Just three ships transited Wednesday against a normal daily rate of around 135, with over 800 vessels still stranded in the Gulf. As much as it's a ceasefire (or lack of) story, it's an energy supply story, hence WTI’s near instant 2.8% uptick.
The Fed's March minutes landed in the middle of all this, with officials keeping rate hikes on the table explicitly if oil-driven inflation persists. A Hormuz blockade running into summer makes that conditional a lot less hypothetical. For BTC bulls banking on a rate pivot, the timeline has only gotten murkier.
