Oil price surges 8% on Iran tensions: Five things to know in Bitcoin this week
0.70%LINK$8.73 0.63%DOGE$0.09097 0.24%ADA$0.2384 0.64%BTC$70,796 1.05%XLM$0.1513 0.11%SOL$81.86 0.42%XRP$1.32 0.37%BCH$425.68 0.00%ETH$2,188 1.20%HYPE$41.57 1.60%TRX$0.322 0.14%BNB$597.53 0.68%USD Written by William Suberg,Staff WriterReviewed by Allen Scott,Staff EditorOil price surges 8% on Iran tensions: Five things to know in Bitcoin this week1 hour agoBitcoin preserved $70,000 at the weekly close as markets began reacting to a breakdown in US-Iran negotiations and blockade of the Strait of Hormuz. Bitcoin (BTC) held $70,000 at the weekly close as markets reacted to a breakdown in US-Iran negotiations and escalating tensions around the Strait of Hormuz. A breakdown in US-Iran negotiations sends oil surging above $100 per barrel, with the Strait of Hormuz now blockaded. US PPI inflation data is due amid signs that the oil crisis is far from the only driver of price increases. Bitcoin
Source: https://cointelegraph.com/news/oil-price-surges-8percent-iran-five-things-bitcoin-this-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
