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Bitcoin Falls Below $84K While Oil Surges Past $100 on Hormuz Crisis

Coinpedia·October 7, 2026·1 min read
Bitcoin Falls Below $84K While Oil Surges Past $100 on Hormuz Crisis

Bitcoin fell to $83,570 in 24 hours as Strait of Hormuz tensions pushed oil above $100 a barrel. The drop erased about $80 billion from crypto markets and triggered nearly $550 million in liquidations, with leveraged longs taking most losses.

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