TechFlow News: On March 24, according to a market commentary released by QCP Group, Trump’s ultimatum to Iran regarding the reopening of the Strait of Hormuz failed to materialize as scheduled, and military action has been paused for five days, leading to a brief market stabilization. Although BTC dipped below $70,000 over the weekend, its overall performance proved more resilient than in previous risk-aversion episodes—potentially signaling an early shift driven by reduced system-wide leverage and evolving BTC narratives. Meanwhile, U.S. Treasury debt has surpassed $39 trillion, highlighting rising stagflation risks and placing central banks in a policy dilemma. As the conflict persists and cross-border capital flows face disruption, Iran has proposed settling Strait of Hormuz transit fees in RMB; concurrently, BTC’s narrative as a neutral settlement layer is gradually strengthening.
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