US strikes burned IRGC Golf-class boats at Kish port on July 14. Here's what the Hormuz escalation means for oil, Bitcoin, and crypto markets.

IRGC missile strikes hit commercial ships in the Strait of Hormuz as Iran uses Bitcoin and USDT for transit payments, raising sanctions evasion concerns.

Iran closed the Strait of Hormuz and the US launched retaliatory strikes. Bitcoin dropped to $61K-$64K as markets reacted to the critical oil chokepoint