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Bitcoin Price Drops Below $80K Support After US-Iran ‘Love Tap’ Pushes Brent Crude Over $100

From stocktwits.com

The cryptocurrency market fell in early-morning trade on Friday, with Bitcoin (BTC) and Ethereum (ETH) losing key support levels, after the U.S. and Iran exchanged military strikes in the Strait of Hormuz and Brent crude oil prices shot back up over $100 a barrel. Bitcoin’s price fell 1.3% in the last 24 hours to $79,800, losing its key support levels of $80,000. Ethereum’s price dropped 1.9%% in the last 24 hours to under $2,300. The selloff followed reports of the U.S. and Iran exchanging fire in the Strait of Hormuz, one of the world’s most critical oil shipping routes. Iran launched attacks targeting U.S. ... (full story)

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  • Category: Fundamental Analysis