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Ahmed Barakat
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President Trump announced that the United States will “probably” control the Strait of Hormuz, and it should be paid for that, it hit crypto and markets like a huge grenade. Bitcoin had already traded close to $64,000 before the comments added another headline to the already fragile world. the market. All effects on crypto are still playing out.
Trump’s comments, made on Monday, show how the US may move towards direct control of one of the world’s busiest places. About 20% of the world’s oil passes through the Strait of Hormuz every day. Unsurprisingly, risk factors began to react, as crypto traders retreated along with investors in tech stocks.
At the same time, the Senate Agriculture Committee advanced the regulation of the crypto market along party lines. It also marked another step forward, although a split vote indicated that Washington would still not accept it without a fight. Politics and crypto have never been best friends.
What is happening now is feeding the same trade: the risk of withdrawal. Trump’s influence on crypto policy has moved the markets repeatedly, and his comments about Hormuz only add to it. At this point, traders seem more interested in protecting money than chasing the next green candle.
Can Bitcoin Hold Its Crypto Support As Trump Geopolitical Risk Mounts?
Bitcoin price predictions have been cautious after BTC dropped below $64,000. The every week the lows are around $61,700, making the $61,500 to $62,000 zone a line in the sand. If that level fails, the next stop could be the upper $50,000s. Two weeks ago, that seemed impossible.
Even so, the recent sell-off has not been driven by crypto alone. Funds have also come out of other risky assets, indicating that this is a market move. However, that is small consolation. If fear comes to the front door altogether, confidence may be needed before the big spark returns.
The bullish case is straightforward. If the conflict in Hormuz subsides and crypto regulations resume, Bitcoin may regain the region of $64,000 to $65,000. This can catch slow bears leaning the wrong way. Markets have a tendency to make many people appear cautious, before they prove them.
The original story is a bit underwhelming. Bitcoin may continue to cut between $62,000 and $64,000 as traders wait for clear signals. This type of tree often tests patience more than determination. Side markets can feel longer than they are.
The bear case remains valid if Bitcoin closes below $61,500 on strong volume. A new surge around Hormuz or an oil disruption could increase the risk. Past oil shocks have kept Bitcoin under pressure for longer than many expected.
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