Bitcoin Shrugs off Strait of Hormuz Blockade to Hit $72,629 Intraday High
By Terence Zimwara
Bitcoin reached an intraday high of $72,629 on April 13, defying a blockade in the Strait of Hormuz caused by failed U.S.-Iran talks. The geopolitical tension pushed oil prices to $100, sparking a flash crash and $59 million in Bitcoin liquidations. The cryptocurrency swiftly recovered, highlighting its resilience amid global uncertainties.
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