Bitcoin stuck below $65,000 as Hormuz hopes evaporate, XRP close to dropping below $1
The Strait of Hormuz relief trade unraveled after Trump demanded 50 years of Iranian compensation, pushing oil back to $89 and leaving crypto and equities unchanged ahead of a pivotal CPI report.
Source: CoinDesk
―
DW NOTE
Trump's "50 years of compensation" demand isn't a negotiating position — it's a veto designed to sound like one. The Hormuz blockade enters day 119, oil is back near $90, and Strategy sold another 1,690 BTC without replacement. The market isn't waiting for Wednesday's CPI print; it's pricing the recognition that this supply shock has no political exit.