Bitcoin slips below $71,000 as Trump orders blockade of Strait of Hormuz

"Effective immediately, the United States Navy ... will begin the process of blockading any and all ships trying to enter, or leave, the Strait of Hormuz," said the president in a social media post. What to know : Despite a brief pullback tied to renewed geopolitical tensions, analysts say strong institutional inflows and technical signals are positioning bitcoin for a potential move toward $88,000 and beyond. Heavy buying by major holders such as Strategy and robust net inflows into U.S. spot bitcoin ETFs, alongside rising Coinbase premiums and...(Coindesk)