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Bitcoin falls below $63,000 as markets give Hormuz traffic just 3% chance to normalize by August

News Snapshot:

Bitcoin slipped below $63,000 as renewed fighting between the United States and Iran pushed oil prices higher, drove bond yields up, and revived concern that an extended disruption in the Strait of Hormuz could keep inflation elevated.Data from CryptoSlate shows the largest cryptocurrency traded near $62,940, down about 1.4% over 24 hours. Other leading digital assets, including Ethereum, XRP, and Solana, all posted modest losses of less than 2% during the reporting period.CoinGlass data showed that this price performance resulted in $252.9 million in cryptocurrency positions being liquidated over the previous day, with traders holding leveraged long positions accounting for…

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