Bitcoin coils at $64K as Hormuz reopening timeline sends S&P 500 to $70T record

Bitcoin built on $64,000 as hopes of the Strait of Hormuz reopening to oil traffic sent the S&P 500 index to a record $70 trillion market cap.

Bitcoin saw new August highs into Tuesday’s Wall Street open as markets bet on US-Iran tensions again easing.

Key points:

Data from TradingView showed BTC/USD climbing to $64,176 on Bitstamp, marking maximum daily gains of around 1%.

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