Bitcoin dropped below $70,000 amid tensions in the Strait of Hormuz.

Bitcoin dropped below $70,000 amid tensions in the Strait of Hormuz.

Iran has accused the United States of spreading fake news regarding an imminent attack in order to manipulate global markets. Following reports of naval mines being placed in the Strait of Hormuz, oil prices surged past $90 per barrel. Meanwhile, U.S. officials claimed to have destroyed approximately 10 Iranian vessels.

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