Traders betting against Bitcoin and crypto are seeing a surge in currency following Iran’s announcement that the Strait of Hormuz is fully open to commercial shipping.
In the past 24 hours, $815.42 million worth of crypto bets have been settled, according to market data tracker. CoinGlass.
Most of the releases hit the market with a low, coming in at $661.93 million.
Stock markets are rising at key meetings as President Trump signals strong progress toward an international deal with Iran, reversing fears of an energy crisis and sparking a new threat.
BTC has risen from a 24-hour low of $74,695 to $78,232, and has reached $77,537 at press time.
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