Bitcoin rips past $82,000, shorts liquidated after President Trump halts Hormuz operation sending oil price spiralling
The story
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 US military operation in the Strait [ ] The post Bitcoin rips past $82,000, shorts liquidated a
From the source
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A 10% plunge in oil prices and easing Middle East tensions have triggered a massive build in Bitcoin's open interest.
Who and what
Key names and topics in this story: Bitcoin, President Trump, Hormuz.
Where to follow next
- Read the full piece at cryptoslate.com
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