Crypto Weekly
Subscribe
No Result
View All Result
Crypto Weekly
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Learn
    • Crypto 101
    • Crypto Wallets
    • Crypo Investing
  • Regulation
  • Advertise with us
  • Subscribe
No Result
View All Result
Crypto Weekly Magazine
No Result
View All Result
  • Home
  • News
  • Learn
  • Regulation
  • Advertise with us
  • Subscribe

Closing Strait of Hormuz is biggest risk to BTC price this weekend — Analyst

cryptoweekly by cryptoweekly
June 13, 2025
in bitcoin, News
0

Risk assets would take a significant hit if Iran closes the Strait of Hormuz, a narrow waterway supplying 20% of the global oil trade.

The price of Bitcoin (BTC) remains resilient, despite the recent Israeli airstrike on Iran, but could see a sharp correction in the short-term if Iran closes the Strait of Hormuz — a critical route for oil shipments — impacting all risk-on assets, according to Coin Bureau founder and market analyst Nic Puckrin.

Bitcoin’s short-term price action “depends on how things develop today and over the weekend,” in the Israel-Iran conflict, the analyst wrote on Friday, adding:

However, Puckrin stressed that Bitcoin’s long-term price outlook is less influenced by geopolitics and more tied to the declining value of the US dollar, which just hit its lowest level in three years — suggesting long-term upside for the supply-capped asset.

Read more

Previous Post

Blockchain is the missing trust layer in sports analytics

Next Post

Circle’s NYSE debut marks start of crypto IPO season: Are Kraken, Gemini and Bullish next?

Next Post

Circle’s NYSE debut marks start of crypto IPO season: Are Kraken, Gemini and Bullish next?

Latest News

Malta regulator: No MiCA licenses at risk after EU review

by cryptoweekly
July 11, 2025
0

...

Hacker returns stolen funds from $40M GMX exploit

by cryptoweekly
July 11, 2025
0

...

Thou shalt not shill: Fake ‘Vatican Chamber’ token presale exposed

by cryptoweekly
July 11, 2025
0

...

Shanghai regulator eyes a yuan-based stablecoin

Shanghai regulator eyes a yuan-based stablecoin

by cryptoweekly
July 11, 2025
0

...

Can you earn passive income running a Lightning node?

by cryptoweekly
July 11, 2025
0

...

LIBRA token creator fights class suit, citing lack of jurisdiction

by cryptoweekly
July 11, 2025
0

...

Tasmanian police find top 15 crypto ATM users are scam victims

by cryptoweekly
July 11, 2025
0

...

Bitcoin, Ether ETFs clock second-biggest day of inflows on record

by cryptoweekly
July 11, 2025
0

...

OpenAI faces IRS complaint over alleged tax violations

by cryptoweekly
July 11, 2025
0

...

Investors are balking at ‘excessive’ Bitcoin miner exec pay: VanEck

by cryptoweekly
July 11, 2025
0

...

Got a Story tip? Email Contact@cryptoweeklymag.com

CMC Coin

A marketing-focused coin w/ a unique set of tokenomics & incredible use cases! The official coin of Crypto Weekly Mag!
Learn More

News

Recent Posts
  • Malta regulator: No MiCA licenses at risk after EU review
  • Hacker returns stolen funds from $40M GMX exploit
  • Thou shalt not shill: Fake ‘Vatican Chamber’ token presale exposed
  • Shanghai regulator eyes a yuan-based stablecoin
  • Can you earn passive income running a Lightning node?
  • LIBRA token creator fights class suit, citing lack of jurisdiction
  • Tasmanian police find top 15 crypto ATM users are scam victims

Office

Crypto Weekly
71 – 75 Shelton Street
Covent Garden London, UK

Stay Connected

Facebook Twitter Instagram Telegram

© 2022 crypto weekly. All rights reserved

  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Learn
    • Crypto 101
    • Crypto Wallets
    • Crypo Investing
  • Regulation
  • Advertise with us
  • Subscribe
Translate »