Bitcoin Faces Weekend Risk: Strait of Hormuz Closure Threatens Crypto Market

Despite recent resilience, Bitcoin faces a potential sharp correction if Iran closes the Strait of Hormuz. Market expert Nic Puckrin from Coin Bureau warns this action could unleash massive economic disruption as it shuts down nearly 20% of global oil supply. Oil prices would spike, and risk assets like Bitcoin would plummet. This weekend vulnerability arises because crypto markets operate 24/7 while traditional markets are closed.