Bitcoin Dives Below $71K as Trump Plays 'Naval Chess' in Hormuz

Crypto markets flinched hard Sunday morning as Bitcoin slipped below $71,000—because apparently, nothing says 'buy the dip' like a geopolitical blockade. The selloff followed President Trump's sudden social media decree: the U.S. Navy is blockading the Strait of Hormuz, effective immediately. That's right—no ships in, no ships out. Just Uncle Sam with a megaphone and a carrier group.

The move wasn't totally out of the blue. Hours earlier, Vice President J.D. Vance spilled the beans that U.S.-Iran ceasefire talks in Pakistan had flatlined. Bitcoin, which had been chillin' above $73,000, promptly exhaled and dropped to $71,500. Then came Trump's post, and poof—BTC now sits at $70,900, down 2.5% in 24 hours.

Markets, ever the drama queens, are once again pricing in oil spikes, supply chain jitters, and the general 'what the hell is next?' vibe. Crypto's supposed to be decentralized, but apparently, it still can't dodge a naval standoff.