Hormuz Oil Shock Fuels Recession Fears, Pressuring Bitcoin Near $77K

Prolonged Strait of Hormuz closure has cut oil supply by 10%, guaranteeing 1 billion barrels lost and 4-5 million bpd demand drops, heightening recession and liquidity risks that could slam Bitcoin like its 30% plunge in March 2020. Earlier, the shock spiked mining costs, forcing U.S. miners ($85K-$90K per BTC) to losses while Iran's low costs ($1,300) held until a 77% hash rate crash. Efficient players like HIVE gain share via renewables and AI pivots, as network adjustments preserve security amid consolidation. BTC trades ~$77,596 with macro downside looming.