U.S. President Donald Trump has publicly accused Iran of firing in the Strait of Hormuz and violating an active ceasefire, escalating geopolitical tensions that analysts warn could trigger a 10% correction in Bitcoin as investors flee to traditional safe havens. The warning comes just hours after Iran's Foreign Ministry accused the United States of war crimes through an unlawful naval blockade, creating a flashpoint that threatens to destabilize global markets and test Bitcoin's resilience as a digital safe-haven asset.

Both Sides Point Fingers

Spokesperson Esmail Baghaei posted the accusation directly on X, arguing the US blockade of Iranian ports and coastline violated not just the ceasefire brokered by Pakistan, but international law.

He cited Article 2(4) of the UN Charter and referenced a 1974 UN General Assembly resolution that explicitly defines a naval blockade as an act of aggression.

The United States’ so-called “blockade” of Iran’s ports or coastline is not only a violation of Pakistani-mediated ceasefire but also both unlawful and criminal. It violates Article 2(4) of the UN Charter; it constitutes an act of aggression under Article 3(c) of the UN General…

— Esmaeil Baqaei (@IRIMFA_SPOX) April 19, 2026

Baghaei went further, saying the blockade amounted to collective punishment of Iranian civilians — language that under international law falls under war crimes and crimes against humanity.

Trump, for his part, told reporters that Iran fired shots in the Strait of Hormuz, calling it a serious breach of the ceasefire set to expire Wednesday, April 22.

President Trump tells me Iran has committed a “serious violation” of the ceasefire but he still thinks he can get a peace deal:

“It will happen. One way or another. The nice way or the hard way. It’s going to happen. You can quote me.”

— Jonathan Karl (@jonkarl) April 19, 2026

He still expressed confidence a deal could be reached. “It will happen,” he said, as quoted by an ABC News correspondent. “One way or another. The nice way or the hard way.”

The exchange set up a direct public contradiction between two governments, each claiming the other fired first — diplomatically speaking.

Iran Vs. US: A Market Already On Edge

Bitcoin felt the pressure almost immediately. The price slid from a session high of $76,250 to $75,400 Sunday as news of the flare-up spread. The drop was modest but telling, reflecting how tightly crypto markets have tracked this conflict in recent weeks.

Earlier this month, Bitcoin climbed past $78,000 after Trump announced that Iran had agreed to suspend its nuclear program. That rally reversed sharply when Tehran denied the claim, triggering a fresh round of volatility across crypto markets.

The pattern has repeated itself: optimism on a deal pushes prices up, and any sign of collapse pulls them back down.

The Strait of Hormuz sits at the center of this standoff. One of the world’s most critical shipping lanes, it has been opened and closed at various points during the conflict.

Reports indicate Iran had previously reopened the strait following a ceasefire between Israel and Lebanon, only to close it again this week.

Trump has threatened harder action if negotiations fall apart entirely. Whether that pressure holds or collapses the talks remains the question that global markets — and crypto traders — are watching most closely right now.

Featured image from BESA, chart from TradingView