A crypto intelligence firm throws cold water on viral claims that Iran collects tolls in Bitcoin for ships passing the Strait of Hormuz. Decrypt reports the story, citing skepticism from analysts who see no blockchain evidence supporting these allegations.

Sanctions Evasion Echoes

Iran, with its vast population and strategic Tehran hub, has long navigated U.S. sanctions through crypto channels. Recent whispers of Hormuz tolls in Bitcoin revive memories of past evasion tactics, though experts demand hard proof amid geopolitical tensions.

Bitcoin charges ahead at $72,495, trading snugly within Bollinger Bands that cap upside at $73,263 while guarding support near $67,727. This bullish structure, reinforced by a golden cross in MACD at 967 and EMAs stacking favorably—50-period at $69,373 above the 200 at $68,730—signals strong momentum. Yet RSI screaming overbought at 72 hints at exhaustion; expect a tactical pullback testing that EMA50 support before bulls regroup for fresh highs, especially if Middle East headlines fuel safe-haven flows.

Bitcoin price action underscores crypto's role in global finance, blending evasion narratives with market volatility.