Traditional Finance Drop Alert: LULU Falls Over 4%

Fighting again in the Strait of Hormuz between Iran and the U.S. leads to the liquidation of over $269 million for Bitcoin bulls

U.S. and Iranian forces sparked a new round of direct clashes on May 8 in the Strait of Hormuz. The U.S. Central Command said that a U.S. Navy destroyer was attacked by Iran using missiles, drones, and speedboats, and that the U.S. forces immediately retaliated, striking Iran’s missile launch sites, command-and-control centers, and intelligence and reconnaissance nodes, while also carrying out strikes on Bandar Gashm and Bandar Abbas. As geopolitical risk surged sharply, Bitcoin fell below the $80k threshold on Friday, with an intraday low of $79,692.

Digital Asset Long Positions Worth $267.96M Liquidated on May 8 Amid Strait of Hormuz Tensions

According to CoinGlass, digital asset long positions worth $267.96 million (approximately 390.68 billion Korean won) were liquidated in the past 24 hours as of 8:35 a.m. Korean time on May 8. This marks the largest liquidation event in nine days, following the last comparable spike on April 29.

Fighting between Iran and the US breaks out in the Strait of Hormuz; US stocks rally then pull back; Bitcoin falls back to $80,000.

US stocks pulled back after a strong rise on Thursday (5/7). The S&P 500 Index and the Nasdaq both set new intraday all-time highs in sync, but as oil prices rebounded from their lows—along with rising anxiety among investors due to the escalation of the conflict in the Middle East—all three major indexes finished the session lower across the board. Over the past 24 hours, the crypto market fell 1.23% to $2.66 trillion. The main reason was that after a strong rally, Bitcoin (BTC) saw profit-taking. However, the Fear and Greed Index remained in the neutral zone at 47. US and Iran traded fire in the Strait of Hormuz According to CNBC, the US and Iran exchanged fire in the Strait of Hormuz, with both sides claiming the other side launched the attack first. The renewed outbreak of hostilities further endangered the two countries’ ceasefire agreement, which had already been severely damaged by both sides’ ongoing accusations that the other violated the agreement’s terms. The US Central Command said in a statement that later on Thursday evening, as three US Navy destroyers passed through the strait, their

JPMorgan: MicroStrategy Bitcoin Buying Could Hit $30B in 2026

JPMorgan analysts estimate that MicroStrategy (Strategy/MSTR) could purchase approximately $30 billion in bitcoin this year if its current accumulation pace continues, according to a report from the investment bank. The estimate is based on Strategy's accelerated bitcoin buying activity year-to-date

JPMorgan: Bitcoin Replacing Gold as Debasement Trade After Iran Conflict

JPMorgan analysts led by managing director Nikolaos Panigirtzoglou reported that Bitcoin is gaining over gold as the debasement trade following the Iran conflict, as Bitcoin exchange-traded funds continue to attract inflows while gold ETFs struggle to recover outflows. According to the analysts, ret