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This is exactly the kind of geopolitical headline that makes me think crypto still doesn’t have a clean backdrop for a real risk-on move. A March 26 Oriental Daily report says Israel’s defense minister claimed an Israeli strike killed IRGC Navy commander Alireza Tangsiri, and explicitly tied him to operations involving mining the Strait of Hormuz and blocking shipping. The same report said Iran had not responded at the time. To me, once Hormuz starts coming back into the story …
— ORIGINAL POST ·
if Hormuz risk keeps coming back into the headlines, crypto is not getting the clean risk-on setup people want
· r/CryptoMarkets
· Mar 27, 2026