President Trump declaration that the United States would “probably” take control of the Strait of Hormuz, and should be compensated for doing so, landed on crypto and markets like a macro grenade. Bitcoin was already trading near $64,000 before the comments added another geopolitical headache to an already fragile market. The full effect on crypto is still playing out.
Trump’s remarks, made on Monday, hint at a possible U.S. shift toward direct control of one of the world’s busiest oil chokepoints. Around 20% of the global oil supply passes through the Strait of Hormuz each day. Unsurprisingly, risk assets reacted first, with crypto traders stepping back alongside sellers in tech stocks.
TRUMP: COUNTRIES WILL PAY THE US “A LOT OF MONEY” FOR GUARDING THE STRAIT OF HORMUZ
"We're going to keep the Strait and we'll probably run it."
"We'll become the Guardian of the Strait. Maybe you'll call it the Guardian Angel of the Strait."
"And we should be reimbursed for… pic.twitter.com/9aPHAXcsAi— Coin Bureau (@coinbureau) July 13, 2026
At the same time, the Senate Agriculture Committee advanced a crypto market structure bill along party lines. It marked another regulatory step forward, although the split vote showed Washington still cannot agree without a fight. Politics and crypto have never exactly been best friends.
Both developments are now feeding the same trade: risk off. Trump influence on crypto policy has repeatedly moved markets, and his Hormuz comments only raise the stakes. For now, traders seem more interested in protecting capital than chasing the next green candle.
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Can Bitcoin Hold Its Crypto Support as Trump Geopolitical Risk Mounts?
Bitcoin price prediction has turned cautious after BTC slipped below $64,000. The weekly low sits near $61,700, making the $61,500 to $62,000 zone the line in the sand. If that level fails, the next stop could be the upper $50,000s. Two weeks ago, that sounded far-fetched.
Even so, the recent selling has not been driven by crypto alone. Money has also flowed out of other risk assets, showing this is a wider market move. That is a small comfort, though. If fear came through the front door together, confidence may need a macro spark before it walks back in.
Bitcoin (BTC)24h7d30d1yAll time
The bullish case remains straightforward. If Hormuz tensions ease and crypto legislation regains momentum, Bitcoin could reclaim the $64,000 to $65,000 area. That would likely catch late bears leaning the wrong way. Markets have a habit of making the largest crowd look clever, right before proving them wrong.
The base case is less dramatic. Bitcoin may keep chopping between $62,000 and $64,000 while traders wait for clearer signals. That kind of price action often tests patience more than conviction. Sideways markets can feel longer than they really are.
The bear case stays valid if Bitcoin closes below $61,500 on strong volume. Fresh escalation around Hormuz or disruption to oil supplies could deepen risk aversion. Previous oil shocks have kept Bitcoin under pressure for longer than many expected.
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The post Trump Says the US will Control Hormuz, Crypto at His Mercy appeared first on Cryptonews.
