Hormuz Tensions Spark Global Macro Concerns for Bitcoin

Rising global macro risks are putting pressure on cryptocurrency markets, particularly Bitcoin, as tensions around the Strait of Hormuz escalate. The narrow maritime corridor between Iran and Oman is crucial for oil supply, with roughly 20% of the world's daily oil trade passing through it.

The escalating military activity in the region has already pushed war-risk insurance premiums sharply higher, with some estimates suggesting that a prolonged disruption scenario could see crude oil prices surge to $120-$130 per barrel. This would likely reignite inflation expectations and put upward pressure on CPI data globally.