Bitcoin threatens $62K in risk-asset rout as Donald Trump says US will 'run' closed Hormuz Strait
Cointelegraph 2026-07-13 15:05:45
Context: Bitcoin's value is under threat as risk assets decline in response to escalating tensions between the US and Iran, with former President Donald Trump stating that the US would close the Hormuz Strait if necessary. This development has led to a downturn in stocks and put pressure on Bitcoin to maintain its value above $62,000. The situation is being closely watched by investors as it has implications for the global economy.
Key Facts
- The value of Bitcoin is at risk of falling below $62,000 due to a decline in risk assets, which has been triggered by increased tensions between the US and Iran.
- Former US President Donald Trump has stated that the US would close the Hormuz Strait if necessary, contributing to the current risk asset rout and downward pressure on Bitcoin's value.
- The Strait of Hormuz, a critical waterway for global oil shipments, has become a focal point in the rhetoric between the US and Iran, with Trump's comments adding to the tensions and uncertainty in the region.