🚨 Bitcoin Crashed to $76K After US-Israel Attack Near the Strait of Hormuz

Added: 2026-06-02

[00:00:00]We're either going to make a deal or they're going to be decimated. So, one way or the other, we win. The US and Israel just attacked Iranian ships, and Bitcoin tumbled into the $76,000 zone.

[00:00:11]According to reports, on May 24th, a joint US-Israel attack targeting Iranian ships near Larak Island in the Strait of Hormuz left three Iranians dead. Larak Island sits right at the mouth of the Strait of Hormuz, the waterway that a huge share of the world's oil supply passes through every single day. Since mid-March, Iran has set up a toll system for vessels wanting to pass through the Strait of Hormuz with fees ranging from $1 per barrel of oil up to $2 million per ship passage, and they only accept Bitcoin, USDT, or Chinese Yuan. No dollars, no euros, no Swift transfers.

[00:00:44]When tensions flare up in oil regions, investors usually get risk-averse, and Bitcoin tends to get sold off along with everything else. After this news, Bitcoin dipped down to around $76,000.

[00:00:55]But, here's something worth chewing on.

[00:00:56]A sanctioned country is using Bitcoin to dodge the Western financial system. It's a real-world example of crypto being used out in the wild, even if not in the most positive way. In your view, is countries using Bitcoin to dodge sanctions a plus or a minus for crypto?

[00:01:11]I do trading fee cashback on all crypto exchanges. Feel free to message me.