Bitcoin threatens $62K in risk-asset rout as Donald Trump says US will 'run' closed Hormuz Strait

According to Cointelegraph, Bitcoin's value is approaching $62,000 as market reactions to escalating tensions between the US and Iran weigh heavily on risk assets. Donald Trump announced plans for the US to take control of the strategically important Strait of Hormuz, which contributed to market unease and a broader decline in US stock indices. Despite the current downtrend, some analysts maintain a bullish outlook, anticipating a potential rebound to the $70,000 range if buying pressure increases. Read the full story at Cointelegraph . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human crypto writing — new writers keep 100% of tips and collects for their first 90 days.