Bitcoin bounces to $72.5K as markets react to US Strait of Hormuz blockade
Bitcoin 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.
Key points:
Bitcoin joins US stocks in a relief bounce despite the US blockade of the Strait of Hormuz going ahead.