Bitcoin slides as Iran ceasefire collapse sees $75 oil on Hormuz blockade threats
CoinTelegraph·
60-second summary
Bitcoin price is under pressure, sliding toward the crucial $61,000 mark, as oil prices surge on the collapse of the US-Iran ceasefire, with oil futures reaching $75 per barrel due to Hormuz blockade threats. This escalation in geopolitical tensions is weighing heavily on risk assets, including cryptocurrencies, and may lead to a further decline in Bitcoin's value.
Bitcoin price pressure took BTC toward the "crucial" $61,000 mark as oil prices soared on the collapse of the US-Iran ceasefire.