Crypto Prices Drop On The Weekend As Iran Shuts Strait Of Hormuz Again
The crypto market suffered a slight dip on Saturday, April 18th, after the tensions in the Middle East took an interesting turn over the weekend. On Friday, United States President Donald Trump announced that Iran fully reopened the Strait of Hormuz (for the first time since March) for the free passage of oil vessels, with […]
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The Bitcoin and Ethereum prices continue to struggle, with BTC dropping to as low as $70,000 over the weekend. This comes as tensions between the U.S. and Iran continue to escalate, with no sign of a ceasefire happening anytime soon. Bitcoin and Ethereum Prices Struggle as Iran War Drags On Bitcoin and Ethereum prices remain under pressure as the war in Iran enters its third week. Tensions escalated over the weekend with attacks on the U.S. embassy in Iraq, according to a Fortune report. The U.S. embassy had indicated that these attacks were carried out by Iran-aligned terrorist militia....
US President Donald Trump took to Truth Social to announce that the Strait of Hormuz is now fully open for passage — a declaration that came hours after Iran’s Foreign Minister, Abbas Araghchi, confirmed the waterway would be unblocked for all commercial vessels during the remaining period of the US-Iran ceasefire. Related Reading: Bitcoin, Ethereum Trading Expands As Charles Schwab Enters Crypto Market Trump Weighs In As Bitcoin Climbs Bitcoin reacted fast. The leading cryptocurrency jumped sharply after Araghchi’s announcement and rose above $77,000 — its highest mark since....
As markets reacted to Tuesday evening’s ceasefire announcement, Iran moved to assert control over passage through the Strait of Hormuz by saying it will demand crypto tolls — chiefly Bitcoin (BTC) — from oil tankers transiting the vital waterway during the two‑week pause in hostilities. Tankers Must Pay In Bitcoin Within Seconds Hamid Hosseini, a […]
A White House official’s deleted social media post briefly pushed oil prices lower — only for them to snap back hard after US intelligence detected signs that Iran was moving to mine the Strait of Hormuz, the narrow waterway that carries roughly one-fifth of the world’s daily oil supply. Related Reading: Crypto Court Fight Not […]
At least one vessel that came under fire while trying to leave the Strait of Hormuz may have been acting on fraudulent instructions — directions that came not from Iranian officials, but from criminals posing as them. Related Reading: Stablecoin Hype Overblown? Moody’s Says Banks Aren’t In Danger Maritime risk firm Marisks flagged the possibility […]