Bitcoin threatens $62K in risk-asset rout as Donald Trump says US will 'run' closed Hormuz Strait
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bitcoin fell toward $62,000 at Monday's Wall Street open, with a trader calling the shorting 'massive' as the Nasdaq Composite dropped 1% in a broad risk-off move
- Donald Trump told Fox the US would 'run' the Strait of Hormuz as 'guardian angel' and 'should be reimbursed,' after Iran closed the key oil route over the weekend
- Oil stayed elevated with WTI crude circling $75 per barrel, feeding inflation fears that compounded the equity and crypto selloff
- JDK Analysis flagged the BTC mVWAP level as the key line bulls must defend, warning a break would put $60,000 back on the table
- Trader Roman kept a bullish bias despite the rout, citing RSI and volume signals showing downside exhaustion and targeting a move toward $70,000–$75,000
Why it matters: Bitcoin is trading as a pure risk asset in lockstep with the Nasdaq, with surging short interest and a fragile mVWAP support at ~$62K — a clean break puts $60,000 in play, per JDK Analysis. Trump's 'reimburse us' Hormuz framing signals the US-Iran standoff is hardening into a protracted policy fight over oil chokepoint access, keeping crude elevated and risk-off pressure pinned across BTC and equities.
