Bitcoin traded near $62,900 on Friday afternoon before recovering to around $63,900 by early Saturday. According to NS3.AI, the Strait of Hormuz normally carries 20.9 million barrels of oil per day, but tanker crossings have fallen to near-record lows.
Brent crude settled at $85.97 on July 17, according to Trading Economics. Bitcoin remains open for trading while oil futures, Treasury markets, and US equities are closed for the weekend.
Bitcoin Rebounds Near $63,900 as Strait of Hormuz Tanker Crossings Fall
2026-07-18 17:07:01
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