Bitcoin defies Trump as Iran shuts Strait: Geopolitics - Bitcoin's new resistance.
Global trade routes face renewed disruption as geopolitical tensions re-escalate. Geopolitical Liquidity Traps: Why the Strait of Hormuz Shutdown Invalidates the Bitcoin Safe Haven Narrative Bitcoin is currently trading as a high-resolution map of Middle Eastern tension, not a sovereign alternative to it. The sudden reversal from Friday’s optimism—sparked by conflicting reports regarding the Strait of Hormuz—has sent the premier digital asset tumbling from a 10-week high of $77,500 to levels back below the $76,000 threshold. This volatility occurs against a backdrop of a global cryptocurrency market capitalization decline of over 2% , with Ethereum sliding 3% to roughly $2,350 and assets like Solana and XRP shedding at least 3% in a 24-hour window. Despite immediate shocks, the leading digital asset seeks a new equilib...