Bitcoin bounces to $72.5K as markets react to US Strait of Hormuz blockade

Bitcoin bounces to $72.5K as markets react to US Strait of Hormuz blockade

1.56%LINK$8.87 1.11%DOGE$0.0916 0.51%ADA$0.2384 0.54%BTC$72,119 1.38%XLM$0.1517 0.04%SOL$83.06 1.10%XRP$1.33 0.42%BCH$426.07 0.63%ETH$2,225 0.99%HYPE$43.24 4.68%TRX$0.3194 0.78%BNB$604.91 1.97%USD Written by William Suberg,Staff WriterReviewed by Ray Salmond,Staff EditorBitcoin bounces to $72.5K as markets react to US Strait of Hormuz blockade1 hour agoBitcoin rallied to $72,500 as US stocks reacted to US efforts to blockade the Strait of Hormuz. Despite the rebound, BTC traders warned that a price correction remains a risk. Bitcoin (BTC) reversed its losses after Monday’s Wall Street open as markets digested the newest developments in the US-Iran war. Bitcoin joins US stocks in a relief bounce despite the US blockade of the Strait of Hormuz going ahead. The measures exclude shipping traffic from non-Iranian ports, analysis notes. BTC price perspectives warn of a fresh downward reversal

Source: https://cointelegraph.com/news/bitcoin-bounces-to-dollar72-5k-as-markets-react-to-us-strait-of-hormuz-blockade?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound