Bitcoin, ether, solana slide, oil jumps on renewed U.S.-Iran war risks

Bitcoin traded at $74,335 after Iran reimposed controls on the Strait of Hormuz over the weekend, with the modest 1.6% pullback standing out against a 5.7% jump in Brent and a 1.2% drop in European equity futures. What to know : Bitcoin has proved more resilient than oil and equities to the latest Iran-related flare-up, slipping only modestly even as traditional markets reprice Middle East risk. The latest escalation, including renewed controls on the Strait of Hormuz and U.S. threats against Iranian infrastructure, has reversed a three-week unwind of war-risk premiums in energy and stocks. Shrinking bitcoin sell-offs with each Iran shock suggest crypto may have largely priced in geopolitical tail risk, with traders now watching whether bond yields, the dollar and key levels around $74,000 to $73,000 confirm its role as a geopolitical shock absorber.