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Bitcoin Rally Toward $80,000 Hits Macro Wall on Pentagon Hormuz Warning

2026-04-23 11:21:08

Bitcoin’s move toward $80,000 lost momentum after a Pentagon briefing warned that clearing mines in the Strait of Hormuz could take at least six months and keep oil prices elevated. Julio Moreno said the recent price rise was driven by perpetual futures demand while spot demand was still contracting.

BTC-1.49%

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