Market News / Story
Bitcoin Falls Below $84K While Oil Surges Past $100 on Hormuz Crisis
Coinpedia ·
Coinpedia reports: Bitcoin fell to $83,570 over the past 24 hours as tensions around the Strait of Hormuz pushed oil prices above $100 a barrel. The sharp drop wiped out about $80 billion from the crypto market within hours and triggered nearly $550 million in liquidations, with leveraged long positions taking most of the losses. Oil Price Jump Triggers Bitcoin Sell-Off The sell-off came as tensions grew around the Strait of Hormuz. Iran increased drone and missile attacks on oil tankers,…