coin-img-ETHETH+3.48%coin-img-BTCBTC+2.79%coin-img-SOLSOL+5.12%coin-img-USDCUSDC+0.02%coin-img-XRPXRP+3.10%coin-img-TRXTRX-2.15%coin-img-HYPEHYPE+7.60%coin-img-OPNOPN-11.68%coin-img-ETHETH+3.48%coin-img-BTCBTC+2.79%coin-img-SOLSOL+5.12%coin-img-USDCUSDC+0.02%coin-img-XRPXRP+3.10%coin-img-TRXTRX-2.15%coin-img-HYPEHYPE+7.60%coin-img-OPNOPN-11.68%coin-img-ETHETH+3.48%coin-img-BTCBTC+2.79%coin-img-SOLSOL+5.12%coin-img-USDCUSDC+0.02%coin-img-XRPXRP+3.10%coin-img-TRXTRX-2.15%coin-img-HYPEHYPE+7.60%coin-img-OPNOPN-11.68%coin-img-ETHETH+3.48%coin-img-BTCBTC+2.79%coin-img-SOLSOL+5.12%coin-img-USDCUSDC+0.02%coin-img-XRPXRP+3.10%coin-img-TRXTRX-2.15%coin-img-HYPEHYPE+7.60%coin-img-OPNOPN-11.68%
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Martin Young

Bitcoin Trades Near $62K After Iran Closes Strait of Hormuz and US CPI Hits 4.2%

Bitcoin hovered around $62,000 as geopolitical risk rose after Iran said it had closed the Strait of Hormuz and the US reported additional strikes in the region. US CPI climbed to 4.2% on Thursday, the highest in three years, adding pressure to risk assets. The broader crypto market cap sat near $2.2 trillion, close to levels last seen in October 2024.
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