<div id="readability-page-1" class="page"><div>                <div>                                                                                <p>On Monday, Iran launched an insurance service for shipping companies that would accept Bitcoin (BTC-USD). It named the service “Hormuz Safe.” Settled in Bitcoin, shippers would get verified insurance coverage for cargo traversing the Persian Gulf and the surrounding waterways.</p>  <p>Iran believes that it could make more than $10 billion in revenue.</p>  <p>Markets barely reacted to the report. The cryptocurrency market is not pricing in the potential for arrangement. It requires that Iranian shipping companies and their cargo owners would need to complete transactions with Bitcoin instead of through banks. More importantly, not much will change after its launch. Iran already started facing  U.S. sanctions. That restricted its access to the global financial system.</p>  <p>For Bitcoin to break out into the $80,000 range and to hold that level, the U.S. dollar (DXY) needs to weaken. So far, the DB U.S. Dollar Index Bullish Fund (UUP) is up this year. Investors accumulated the currency in February as tensions between the U.S., Israel, and Iran peaked.</p>  <p>Oil prices weakened as markets hoped for peace. However, markets started to buy oil companies like Exxon Mobil (XOM).  Higher oil prices might lower the attractiveness of holding metals like silver (SLV) and gold (GLD). So long as the Strait remains closed, investors might start accumulating Bitcoin again.</p>                </div>            </div></div>

COIN

RIOT

600547

<p>Iran has launched an insurance service for shipping companies accepting Bitcoin, named 'Hormuz Safe,' aiming for over $10 billion in revenue. However, market reactions were muted, and the cryptocurrency's potential remains unpriced. The U.S. dollar's strength and ongoing sanctions limit Bitcoin's breakout potential. Investors are shifting focus to oil companies amid fluctuating oil prices, which may impact the attractiveness of precious metals.</p>

- On Monday, Iran launched "Hormuz Safe," an insurance service for shipping companies accepting Bitcoin for cargo in the Persian Gulf.  
- The initiative could generate over $10 billion in revenue, yet market reaction has been minimal, as major adjustments are unlikely due to existing U.S. sanctions.  
- For Bitcoin to reach $80,000, the U.S. dollar must weaken, but current trends show the dollar gaining strength amid geopolitical tensions and fluctuations in oil prices.

Baystreet

Coinbase

Riot Platforms

SD-GOLD

Agnico Eagle Mines

iShares Gold Trust

SPDR Gold Shares

Fidelity Wise Origin Bitcoin Fund - ETF

Direxion Daily Crypto Industry Bear1XETF

iShares Blockchain And Tech ETF

Bitwise Bitcoin Strategy Optimum Roll ETF

United States Oil Fund LP

Amplify Transform Data Sharing ETF

SPDR O&G Ex & Prd

iShares US Oil Equip & Svcs

SPDR Energy Select

ISHRS MSCI Glb Slct Met & Mining

SPDR O&G Equip

Grayscale Bitcoin Miners ETF

iShares US Oil & Gas Expl & Prod

Bitwise Bitcoin ETF

ARK 21Shares Bitcoin ETF

Sprott GLD Miners Etf

iShares Bitcoin Trust ETF

Invesco Alerian Galaxy Crypto Economy ETF

GLOBAL X Gold Explorers

GraniteShares 2x Long COIN Daily ETF

GraniteShares 2x Long MARA Daily ETF

YieldMax Gold Miners Opt Inc Strgy ETF

VanEck Gold Miners ETF

Microsectors Gold Miners 3x Leveraged ETN

Abrdn Gold ETF Trust

Invesco Db Precious Metals ETF

VanEck Bitcoin ETF

Global X Blockchain ETF

Invesco DB US Dollar Index Bullish Fund

Exxon Mobil

What Happens to Bitcoin After Iran Accepts Payments