Trump's 20% Strait of Hormuz fee plan and Iran's Bitcoin tolls trigger $20B crypto market wipeout
Crypto Briefing·Jul 14, 2026·4 sources·negative
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A proposed 20% fee on Strait of Hormuz traffic by the Trump administration, combined with Iran's imposition of Bitcoin tolls amid US strikes, has caused vessel traffic to plunge 52% and wiped $20 billion from crypto markets. The geopolitical turmoil has spooked investors, leading to a sharp sell-off across major cryptocurrencies.
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