Bitcoin is trading through a dangerous weekend as 20% of the world’s oil hangs in the balance

According to CryptoSlate, Bitcoin faces heightened volatility this weekend as it reacts to ongoing tensions in the Strait of Hormuz, a key oil passage. With traditional markets closed, any geopolitical developments could significantly impact Bitcoin's price, potentially making it a preliminary indicator for other financial assets. Current uncertainties surrounding oil supply and inflation expectations have already contributed to a notable decline in Bitcoin's value from its all-time high. Read the full story at CryptoSlate . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.