1d ago
Bitcoin retests $74,000 as Trump links Iran deal to reopening the Strait of Hormuz
Bitcoin briefly moved back into the $74,000 area on May 29 as traders reacted to President Donald Trump's remarks that an Iran deal would require the Strait of Hormuz to reopen for unrestricted traffic. Iran said the agreement was not finalized and disputed parts of Trump's account. With US spot BTC ETF flows and traditional markets quieter over the weekend, BTC traded between $72,500 support and $75,000 resistance as participants watched whether the claim gains traction.