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Bitcoin Drops Under $64K as Iran Threatens Strait of Hormuz Closure Until Trump Leaves in 2029
['Kelvin Munene', 'Kelvin Munene Is A Senior Crypto Journalist', 'Editor With Over Seven Years Of Experience Covering Digital Assets', 'Blockchain Technology', 'Markets. He Has Worked With Top Crypto Publishers In Roles Including Senior Journalist', 'Sub-Editor', 'Editor', 'Shaping Timely News Coverage', 'Editorial Strategy Across The Crypto', 'Stocks Sector.']
Coinpaper
earlier in the session, as renewed tensions between the United States and Iran added pressure to financial markets.
The decline came as Iran that the Strait of Hormuz could remain closed unless Washington changes its position on the conflict and blockade.
Bitcoin Falls as Sellers Return Near $65,000Bitcoin reached roughly $65,250 earlier in the session before sellers pushed the cryptocurrency below $64,500.
Reports that Iran could keep the Strait of Hormuz closed until 2029 remain unconfirmed.
The contrast leaves Bitcoin facing selling pressure near $64,000 while larger holders continue adding exposure.