As Iran Ceasefire Deadline Looms, Oil and Bitcoin Tug of War Intensifies

Key Points of the Article

The ceasefire in Iran expires on the 21st

Bitcoin experiences volatility due to the blockade of the Strait of Hormuz

Although the ceasefire agreement on April 8 alleviated direct military escalation, the core conflict over nuclear issues between the U.S. and Iran remains unresolved, plunging the Iranian conflict into a phase the market has yet to fully digest.

In late March, during the initial escalation, oil prices surged past $115 per barrel, boosting inflation expectations and triggering widespread selling in global stocks. Major cryptocurrencies, including Bitcoin (BTC), responded immediately to the unfolding conflict and the risks associated with the passage through the Strait of Hormuz.

On April 17...