BTC PLUNGES TO $63.9K AS HORMUZ TALKS STALL & STRATEGY SELLS AGAIN!
Bitcoin tumbled to **$63,905**, down as much as **1.88%** in the past 24 hours. BTC lost the critical $65,000 support level overnight, briefly touching a low of $63,754.
What's driving the selloff?
· Hormuz negotiations stall — Iran set multiple conditions for reopening the Strait, including ending the US naval blockade and lifting sanctions, while Trump demanded compensation for war damages, widening the divide. WTI crude surged 5.1% to $82.13/barrel, reigniting inflation fears.
· Strategy sells again — the world's largest public Bitcoin holder sold another 1,690 BTC (~$108.6M) last week to buy back preferred stock.
· Trump Media also reduced its BTC holdings, now holding ~9,477 BTC.
Key Levels: Support at $63,500**; resistance at **$65,000. Fear & Greed Index sits at 29 (Fear).
$BTC
#Bitcoin #BTC #HormuzCrisis #Strategy #CryptoMarket
Bitcoin tumbled to **$63,905**, down as much as **1.88%** in the past 24 hours. BTC lost the critical $65,000 support level overnight, briefly touching a low of $63,754.
What's driving the selloff?
· Hormuz negotiations stall — Iran set multiple conditions for reopening the Strait, including ending the US naval blockade and lifting sanctions, while Trump demanded compensation for war damages, widening the divide. WTI crude surged 5.1% to $82.13/barrel, reigniting inflation fears.
· Strategy sells again — the world's largest public Bitcoin holder sold another 1,690 BTC (~$108.6M) last week to buy back preferred stock.
· Trump Media also reduced its BTC holdings, now holding ~9,477 BTC.
Key Levels: Support at $63,500**; resistance at **$65,000. Fear & Greed Index sits at 29 (Fear).
$BTC
#Bitcoin #BTC #HormuzCrisis #Strategy #CryptoMarket