Bitcoin price slip wipes weekend gains as oil surge hits 5% on Hormuz disappointment Bitcoin wobbled with US stocks as Iran deflated hopes on the reopening of the Strait of Hormuz oil route, while analysis praised “exceptionally strong” institutional BTC inflows.
Bitcoin (BTC) slipped below $64,500 after Monday’s Wall Street open as markets digested more US-Iran uncertainty
Key points: – Bitcoin joins US stocks in selling off amid uncertainty over whether the Strait of Hormuz will reopen. – The Japanese yen commands attention as it slides back toward historic lows against the dollar. – Bitcoin analysis doubts market strength despite “exceptionally strong” institutional inflows. Iran warns “no military solution” to Hormuz closure Data from TradingView showed BTC/USD hitting $64,447 on Bitstamp, its lowest since Friday, before a modest rebound. BTC/USD one-hour chart.