Why Bitcoin keeps snapping back to $70k — and the $13B options “magnet” behind it
The Iran and Hormuz headlines hit first, then the options market took over, pulling Bitcoin back above $70,000 as positioning tightened.
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Bitcoin snaps back above $70K amid a massive $13B options magnet and Iran-Hormuz tensions, but oil shocks threaten a 45% plunge if they force Fed rate cut delays—while a key resistance level could unlock $90K if trapped traders finally break free. Get the latest crypto news highlights below.
The global crypto market cap is $2.32 trillion, with a 24-hour volume of $62.51 billion. The price of Bitcoin is $67,850.98, and BTC market dominance is 58.5%. The price of Ethereum is $1,978.17, and ETH market dominance is 10.3%. The best-performing sector is Marketplace, which gained 35%. The Crypto Fear & Greed Index is currently Extreme Fear (12).
📰 Top News
Why Bitcoin keeps snapping back to $70k — and the $13B options “magnet” behind it
The Iran and Hormuz headlines hit first, then the options market took over, pulling Bitcoin back above $70,000 as positioning tightened.
Oil shock could send Bitcoin down 45% if price surge forces Fed to delay cuts
If Hormuz disruption drags past week seven, bank models jump from “manageable” to $100 $125 $150 stress scenarios.
Bitcoin could tag $90,000 again but only if this level stops acting like a sell wall for trapped traders
Bitcoin approaches critical momentum threshold, weighing factors that could indicate a market regime change.
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