Bitcoin Drops Below $78,000 as Iran Makes Latest Threat on Hormuz
Bitcoin (BTC) extended losses into Saturday. Iran’s threat to charge tolls on Strait of Hormuz shipping kept pressure on global risk assets. The two-day selloff has now erased over $80 billion in crypto market value. The pioneer crypto traded near $77,947 after dropping below $78,000. Leveraged longs absorbed the bulk of a reported $620 million...
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