Bitcoin falls back to $76,000 as Iran shuts Hormuz again
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- Iran closed the Strait of Hormuz again, firing on vessels attempting to cross (CNBC, Axios, Japan Times).
- Oil prices plunged after Iran's announcement about the Hormuz Strait (BBC Business).
- Bitcoin fell back to $76,000 as a $593 million short‑liquidation wiped bearish bets (original article).
- Trump convened an Iran situation‑room meeting amid the renewed Hormuz crisis (Axios).
Why it matters: Traders lost $593 million in short positions and Bitcoin dropped to $76,000.
