GateUser-138a3993

After Trump blocked the Strait of Hormuz, the cryptocurrency market will face intense volatility in the short term.
Oil prices surged to the $100-150 range, boosting inflation expectations and decreasing the likelihood of Federal Reserve rate cuts, leading to a sell-off in risk assets.
Bitcoin has fallen below $71,000, dropping over 2-3% within 24 hours, with mainstream coins like Ethereum also following the decline.
Geopolitical risks have amplified safe-haven sentiment, causing panic selling in the short term, and volatility has soared.
However, in the medium to long term, Bitcoin, a