Bitcoin rips past $82,000, shorts liquidated after President Trump halts Hormuz operation sending oil price spiralling

May 7, 2026 - 13:00
Bitcoin rips past $82,000, shorts liquidated after President Trump halts Hormuz operation sending oil price spiralling
Make CryptoSlate preferred on Bitcoin rose above $82,000 as oil prices tumbled amid a powerful tailwind from a sudden and dramatic de-escalation in US-Iran geopolitical tensions. Data from CryptoSlate showed that BTC extended a weeklong rebound that has lifted its value by more than 7% this week after President Donald Trump paused a US military...

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