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Bitcoin held near local highs as President Donald Trump said the Strait of Hormuz would be "open to all" under a US-Iran peace deal expected on Sunday, a geopolitical signal that analysts said creates conditions for a sustained $BTC price rebound.
What the Hormuz Pledge Actually Means for Risk Assets The Strait of Hormuz is the world's most consequential oil chokepoint, and any credible signal that it would remain open under a negotiated framework removes a category of tail risk that has historically weighed on risk-sensitive assets.
Trump's direct language — "open to all" — is the kind of concrete commitment traders can price against, distinct from the usual diplomatic ambiguity that moves nothing.
Bitcoin, which has increasingly traded as a macro risk asset alongside equities in high-tension geopolitical episodes, held near its local high on the news rather than fading it.
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