Bitcoin price drops to $75K as new Hormuz closure puts focus on oil
Bitcoin foreshadows fresh market mayhem as it appears that the US-Iran war has returned, including the closure of the Strait of Hormuz oil route.
Bitcoin (BTC) sought to protect $75,000 into Sunday’s weekly close as crypto surfed fresh uncertainty over the US-Iran war.
Key points:
Bitcoin price action sinks from ten-week highs amid fears that the US-Iran war has returned in full force.