Key Takeaways:
On April 23, bitcoin dipped to $77,201 after failing to sustain its $79,500 peak. Market volatility triggered $218 million in liquidations, hurting overleveraged bitcoin long traders. Analysts fear Iran may target Gulf nations if the U.S. Navy blockade continues to stifle port revenues. Geopolitical Tensions in the Strait of HormuzStill, despite the maritime tension, global equity markets remained largely unfazed. South Korea’s Kospi and France’s CAC 40 posted modest gains, while most other major indices were flat.
