Prices of virtual assets fell across the board on news that Iran had again closed the Strait of Hormuz.
As of 9 a.m. on the 19th, on the global market tracking site CoinMarketCap, bitcoin is trading at $75,621, down 2.08% from 24 hours earlier.
Ethereum, the No. 2 by market cap, is down 2.9% at $2,348. Binance Coin is down 2.19% at $629, Solana is down 3.11% at $86, and Ripple is down 3.04% at $1.43, respectively.
The drop in virtual asset prices is seen as stemming from news of the Strait of Hormuz being closed again. The Islamic Revolutionary Guard Corps (IRGC) said the strait was closed from the evening of the 18th (local time) and would not be opened until the United States lifts its maritime blockade on Iran.
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