Unexpected Bitcoin Rally: The Strait of Hormuz Impact
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Bitcoinâs price surged beyond $77,000, buoyed by the announcement from Iran about the Strait of Hormuz being open for commercial passage amid a new ceasefire linked to the Israel-Hezbollah conflict. This development sparked optimism across global risk markets, pulling bitcoin back into a historical resistance zone that has previously curbed its ascent since February.
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Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio youâre using to start.
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