Bitcoin slips below $71,000 as Trump orders U.S. to join Iran in blockade of Strait of Hormuz
Burns Brief
"Effective immediately, the United States Navy Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
"Effective immediately, the United States Navy ... will begin the process of blockading any and all ships trying to enter, or leave, the Strait of Hormuz," said the president in a social media post.
Key Takeaways
- will begin the process of blockading any and all ships trying to enter, or leave, the Strait of Hormuz," said the president in a social media post