US EditionBitcoin Price: BTC Falls Back to $76,000 as Iran Shuts Hormuz Again
Iran said the strait was back under military control as bitcoin fell after a $762 million short squeeze, CoinGlass said.
- On Saturday, the Islamic Revolutionary Guard Corps declared the Strait of Hormuz closed to maritime traffic, reversing Friday's announcement that the strategic waterway remained open to commercial vessels.
- President Donald Trump insisted the naval blockade will remain in force until his "transaction with Iran is 100% complete," while the IRGC accused the United States of violating prior understandings amid escalating Middle East tensions.
- Bitcoin climbed to $78,000 late Friday, triggering $762 million in liquidations across 168,336 traders, before pulling back to $76,091 by Saturday evening in Asia following the Strait closure headlines.
- Earlier, Foreign Minister Abbas Araghchi claimed the Strait remained "completely open," yet two tanker owners told Bloomberg their vessels received Iranian radio transmissions shutting the waterway, with one supertanker reporting gunfire.
- Observers warn any miscalculation in the Gulf could trigger wider regional confrontation, while markets monitor whether the $76,000 Bitcoin support zone holds into Monday's open amid persisting uncertainty.
13 Articles
13 Articles
Cryptocurrency Prices Decline on News of Re-blockade of Strait of Hormuz; Bitcoin Down 2% Prices of cryptocurrencies fell across the board following news that Iran has once again blocked the Strait of Hormuz. As of 9:00 AM on the 19th, according to the global market data site CoinMarketCap, Bitcoin was trading at $75,621, down 2.08% from 24 hours ago.
Iran Shuts Strait Of Hormuz Again, Blames US
Tensions have sharply escalated in the Middle East as Iran announced the closure of the Strait of Hormuz, accusing the United States of violating prior understandings amid an ongoing naval blockade. In a statement on Saturday, the Islamic Revolutionary Guard Corps (IRGC) declared that control of the strategic waterway had “returned to its previous state,” citing continued US restrictions on Iranian ports as justification for the move. The Strait…
Iran shuts Hormuz Strait again after brief reopening over US blockade with ships mid-transit
TEHRAN, April 18 — Iran’s military declared the Strait of Hormuz closed again today, its military command said, hours after reopening it and with more than a dozen commercial ships passing through the vital waterway.The toing and froing over the strait cast doubt on US President Donald Trump’s optimism the day before, that a peace deal to end the US-Israeli war with Iran was “very close”.Tehran had yesterday declared the strait, which usually ca…
Iran shuts Strait of Hormuz again :cites U.S. “blockade” as trigger
Iran shuts Strait of Hormuz again :cites U.S. “blockade” as trigger Iranian military authorities have reimposed strict control over the Strait of Hormuz, effectively shutting it down again within hours, reversing earlier signs of reopening. Tehran says the decision was driven by ongoing U.S. maritime blockade measures, which it described as “piracy-like actions,” accusing Washington […] The post Iran shuts Strait of Hormuz again :cites U.S. “blo…
Bitcoin's $78K rally faces stress test as Iran declares Hormuz closed again
Bitcoin immediately dropped to $76,000 as Iran announced that the Strait of Hormuz is closed once again, one day after President Trump declared that the strategic oil passage was reopened to traffic except for Iran. The development, which came on a weekend when other markets are closed, has left the crypto market as the only option to take the most of the brunt from the panic, following the news that Iran’s military had resumed “strict control”…
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
