Bitcoin faces critical weekend test as Iran closes Strait after immediately disputing the US narrative on Hormuz deal

UPDATE Saturday 9 am UTC: After markets closed Friday, the Speaker of Iran's parliament announced that the Strait of Hormuz would not remain open while the US blockade remained in place. So far, Bitcoin has retraced part of its gain, falling from $78,500 to $76,500. Bitcoin rallied hard after Iran said it was reopening the [ ]