Bitcoin Holds Near $86K as Oil Dips on Hormuz-Reopening Hopes
TL;DR Summary
Bitcoin remains near $86,000 as U.S. stocks post small gains and oil slips on reports Iran could reopen the Strait of Hormuz within a week. The live blog also highlights PayPal’s Meta Muse partnership, SoFi moving its card-program settlements to its SoFiUSD stablecoin, and Kalshi seeking leverage for event contracts to attract institutional traders, reflecting a blend of crypto and traditional financial market activity.
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- Bitcoin (BTC) Retreats From Eight-Month High After Dizzying 13% Rally bloomberg.com
- Bitcoin surges to 8-month high above $85,000 qz.com
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