US airstrikes on Iran enter a fifth day as Strait of Hormuz shipping drops 60%. Bitcoin falls up to 8.5% amid surging oil prices and risk-off sentiment.

Vessel traffic through the Strait of Hormuz fell 52% amid US-Iran strikes, with Iran collecting Bitcoin tolls of up to $2M per ship to circumvent sanctions.

The US has carried out renewed attacks on Iran for the fourth day in a row.