bitcoinmacromarkets
Bitcoin has a 4-day window before Hormuz ceasefire deadline risks reversal
Iran's Friday announcement that the Strait of Hormuz would reopen during the current ceasefire triggered one of the sharpest oil reversals of the year: Brent crude fell 12.95% to $86.52 and WTI dropped 14.26% to $81.19, both their lowest levels since March 11 and the largest single-day declines since April 8. US stocks surged and Bitcoin rallied alongside risk assets. But the ceasefire has a hard deadline in four days. CryptoSlate argues the BTC upside is borrowed: if Iran closes Hormuz again after the deadline expires, oil would likely spike and risk assets including BTC could reverse sharply. The article frames BTC's current strength as geopolitical, not structural.
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