Bitcoin coils at $64K as Hormuz reopening timeline sends S&P 500 to $70T record
CoinTelegraph·
60-second summary
Bitcoin cools at $64,000 as global markets surge, with the Strait of Hormuz reopening timeline sending the S&P 500 index to a record $70 trillion market cap, fueled by increased oil demand expectations. This uptick in investor confidence is driving a broader market rally, with Bitcoin and other cryptocurrencies poised to capitalize on the momentum.
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.