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
79,305.9
-1.67%
BNB
672.38
-0.99%
ETH
2,256.18
-2.13%