The post Strait of Hormuz Crisis Sends Oil Price to $110 While Bitcoin Price Holds Near $67K appeared first on Coinpedia Fintech News
The ongoing U.S.-Israel and Iran war is starting to affect global markets after the Strait of Hormuz closure triggers a historic oil crisis. Crude oil prices jumped 17% to nearly $110. Because of this spike, veteran strategist Ed Yardeni has increased the chances of a U.S. stock market crash to 35%. Meanwhile, Bitcoin is showing …