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Bitcoin stuck below $65,000 as Hormuz hopes evaporate, XRP close to dropping below $1

CoinDesk· Oliver Knight· Aug 11, 2026 · 10:48 AM
Bitcoin stuck below $65,000 as Hormuz hopes evaporate, XRP close to dropping below $1

The Strait of Hormuz relief trade unraveled after Trump demanded 50 years of Iranian compensation, pushing oil back to $89 and leaving crypto and equities unchanged ahead of a pivotal CPI report.

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