Bitcoin Price Outlook After Iran Introduces Bitcoin Payments for Strait of Hormuz Transit
Bitcoin price hovered at $76,510 on Monday after geopolitical tensions and institutional selling pressured cryptocurrency markets. Investors reacted to reports claiming Iran introduced Bitcoin payments for ships crossing the Strait of Hormuz. The development came with the backdrop of increasing macro uncertainty, massive ETF outflows, and massive liquidation of leveraged crypto positions around the world.
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