Bitcoin Battles Hormuz Closure, US Inflation as $63,000 Returns

Bitcoin Battles Hormuz Closure, US Inflation as $63,000 Returns

Bitcoin manages to return to $63,000 despite mounting US inflation headwinds and Iran's new declaration of the complete closure of the Strait of Hormuz oil route.

Bitcoin at $63,400 as Iran Says Strait of Hormuz Remains Closed Despite Trump's 'Great Deal' Claim

Iran said the Strait of Hormuz remains closed despite President Donald Trump’s claim of a settlement, keeping pressure on oil and a bitcoin price that has swung with every twist of the conflict. Conflicting Claims Trump said during a tele-rally that the U.S. had “made a great deal” with Iran, but Tehran did not confirm […]

Bitcoin Remains Steady as Rising Oil Prices Fuel Inflation Fears

Bitcoin held above $63,000 despite rising oil prices, inflation concerns, and uncertainty surrounding the upcoming Federal Reserve meeting. Analysts said improving on-chain data and stronger support...

Bitcoin Surges Above $63K Despite US Inflation and Iran-Hormuz Crisis

Bitcoin (BTC) rebounded above the $63,000 mark on Thursday, defying mounting geopolitical and economic pressures, including rising U.S. inflation and renewed tensions surrounding the Strait of Hormuz. The world’s largest cryptocurrency touched an intraday high of $63,200, gaining more than 2.5% during the session. The rally came despite reports that Iran had closed the Strait […] The post Bitcoin Surges Above $63K Despite US Inflation and Iran-H…

Bitcoin tags $63.2K as BTC price action ignores inflation, Iran Hormuz closure

Bitcoin mostly preserved a recent rebound despite the highest US PPI inflation since October 2022 and Iran closing the Strait of Hormuz oil route.