Bitcoin retreats as oil gains on Hormuz reopening hopes, institutional inflows remain strong
Bitcoin declined alongside US equities after Iran’s statement dampened expectations for reopening the Strait of Hormuz oil route, according to Cointelegraph. Crude advanced approximately 5 percent on the news. Institutional Bitcoin inflows were characterized as “exceptionally strong” despite the price pullback.
Sources: Cointelegraph
This article is for information only and is not financial advice.
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