Bitcoin rebounds to $80k amid US-Iran tensions in Strait of Hormuz

Despite heightened geopolitical tensions between the United States and Iran surrounding the Strait of Hormuz, Bitcoin rebounded to $80,000, bolstering market confidence. Following Trump’s blockade order, market volatility increased, but current market pricing indicates a belief that Bitcoin will maintain levels above $66,000. Monitoring future US-Iran relations and Federal Reserve policy is crucial.