$BTC $ETH $BZ
• Iran declares to close the Strait of Hormuz (transport route for ~20% of global oil) due to disputes with the US over port blockade.
• There are reports of gunfire aimed at ships, tensions escalating.
• Previously (on April 17-18), when Iran reopened the strait, BTC had a significant pump up to ~77k due to risk-on sentiment (reduced concerns about oil disruption → oil decreases, money flows into risk assets like BTC).
• Iran declares to close the Strait of Hormuz (transport route for ~20% of global oil) due to disputes with the US over port blockade.
• There are reports of gunfire aimed at ships, tensions escalating.
• Previously (on April 17-18), when Iran reopened the strait, BTC had a significant pump up to ~77k due to risk-on sentiment (reduced concerns about oil disruption → oil decreases, money flows into risk assets like BTC).