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Bitcoin climbed to a two-week high near $66,000 after U.S.
President Donald Trump announced that the United States and Iran have reached a deal he described as a "toll-free opening of the Strait of Hormuz." The move was macro-driven — no change in Bitcoin's protocol, no unusual on-chain activity — just geopolitics washing across the risk-asset market.
That makes it worth understanding, and worth scrutinizing.
What the Strait of Hormuz Is, and Why Markets Care The Strait of Hormuz is a narrow waterway between the Persian Gulf and the Gulf of Oman, one of the world's critical chokepoints for seaborne energy.
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