Video Description
A second war front just opened. Yemen's Houthis launched missiles at Israel for the first time and are threatening to close the Bab al-Mandeb strait, the gateway to the Suez Canal. If both Hormuz and Bab al-Mandeb close, global shipping through the Middle East is completely severed. Meanwhile, US equities are in full correction: Nasdaq down 11% YTD, S&P down 9%, five straight weekly losses. Oil is at $107 Brent and climbing. Bitcoin bounced to $67.8K but follows equities, and equities are deteriorating fast. I break down what the Houthi escalation means, why the equity correction matters for crypto, and what to watch before the April 6 Iran deadline.
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