Iran Considers Bitcoin Tariff for Strait of Hormuz Shipping
- Bitcoin Tariff Proposal: Iran is considering a $1 per barrel Bitcoin tariff for ships transiting the Strait of Hormuz, allowing empty oil tankers to pass without charges, aiming to enhance revenue liquidity and address sanctions pressures through crypto mechanisms.
- Cargo Assessment Mechanism: Non-empty cargoes would require on-water assessments within a two-week window to confirm legitimacy and weapon-free status, ensuring effective tariff collection while minimizing potential sanction risks.
- Geopolitical Implications: This proposal emerges amid escalating tensions between the U.S. and Iran, potentially impacting global energy and cryptocurrency market volatility, especially as oil prices have surpassed $100 per barrel.
- Crypto Usage Context: Iran's cryptocurrency activities are on the rise, with Elliptic reporting substantial USDT holdings and TRM Labs estimating $3.7 billion in crypto activity linked to Iran in the first half of 2025, reflecting its economic adaptability under sanctions.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 2.427 | 2.598 | 2.737 | 2.908 | 3.047 | 3.218 | 3.357 |
| Fibonacci | 2.598 | 2.717 | 2.79 | 2.908 | 3.027 | 3.1 | 3.218 |
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