Bitcoin threatens $62K in risk-asset rout as Donald Trump says US will 'run' closed Hormuz Strait
Summary
Bitcoin slid toward $62,000 at the Wall Street open as US-Iran tensions lifted oil and pressured risk assets. US stocks opened lower, while WTI crude held near $75 per barrel after the Strait of Hormuz escalation. BTC weakness was amplified by heavy shorting and rising open interest, with price testing a key volume-weighted average level that bulls need to defend. Traders warned that a break could bring $60,000 back into view, especially if spot selling continues. Still, some traders see a rebound ahead. Bullish analysts pointed to downside exhaustion in RSI and volume, plus signs of stronger spot buying than selling, and said a move toward the $70,000–$75,000 area remains likely if support holds.
