Bitcoin spikes to $87K then retreats to $84K after tanker attack in Strait of Hormuz
- —Bitcoin failed to hold near $87,000 for the third time in two weeks
- —Intraday swings moved roughly $50 billion in market value
- —A tanker was attacked in the Strait of Hormuz, the sixth incident this week
- —Brent crude fell 2.89% to $99.35 on reports the EU and IEA may release reserves
Why it matters: Geopolitical risk in the Strait of Hormuz and weak US labor data are driving short-term bitcoin volatility at the $87,000 resistance.
Source: BeInCrypto JP