Bitcoin Drops Amidst Strait of Hormuz Blockade Order

Bitcoin experienced a price decline, falling below the $71,000 mark. This movement occurred shortly after former President Trump announced an immediate directive for the U.S. Navy to blockade ships in the Strait of Hormuz. The geopolitical tension signaled by this action appears to be impacting cryptocurrency markets, suggesting a correlation between global instability and investor sentiment towards digital assets. The announcement, made via social media, highlights the increasing interconnectedness of international affairs and financial markets, including the volatile crypto space.