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
76,370.48
-0.61%
BNB
624.17
+0.05%
ETH
2,302.52
+0.49%