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Bitcoin Price Forecast: Is a Drop Below $80K Next as Strait of Hormuz Risks Grow?

CoinGape·October 17, 2026·1 min read
Bitcoin Price Forecast: Is a Drop Below $80K Next as Strait of Hormuz Risks Grow?

Bitcoin faced renewed pressure on October 17 as inflation concerns, regional tensions, and fund withdrawals weakened market sentiment. BTC is steadily moving toward the psychological mark of $80,000. The crypto market fell by 0.93% over the past 24 hours to $2.74 trillion.

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