BTC Price Eyes Recovery As Iran Adopts Bitcoin for Oil Transit Fees

By Coingapestaff

BTC Price Eyes Recovery As Iran Adopts Bitcoin for Oil Transit Fees

Iran has mandated Bitcoin payments for transit fees from ships passing through the Strait of Hormuz, potentially boosting demand significantly. BTC price has been steadily recovering for nearly two weeks on the daily chart, forming a bullish pattern with an upside target.

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