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Iran closes Strait of Hormuz, Bitcoin drops from $78K amid tensions

Iran closes Strait of Hormuz, Bitcoin drops from $78K amid tensions

Iran closed the Strait of Hormuz, escalating geopolitical tensions, which caused Bitcoin to drop from its peak of $78,000. The move highlights Bitcoin's vulnerability to external shocks and underscores the importance of market resilience amid geopolitical risks. The closure and resulting market reaction occurred in April 2026, reflecting ongoing security concerns in the region.

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