Bitcoin Tops $82,000 as Trump Pauses Hormuz Operation and Oil Falls

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Bitcoin rose above $82,000 after President Donald Trump paused a US military operation in the Strait of Hormuz, and CoinGlass data showed more than $200 million in short liquidations over 24 hours. Brent crude fell 10% to $97 a barrel and WTI dropped 9.82% to $88 as fears of continued disruption eased. SoSo Value data shows US-listed Bitcoin ETFs have attracted more than $1.6 billion in net inflows since May 1. Jamie Coutts of Real Vision said corporate treasuries are buying about 1,834 Bitcoin per day, above the about 1,160 Bitcoin per day absorbed by ETFs.

BTC-1.91%
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