Bitcoin Price Climbs Toward $75,000 as US-Iran Strait of Hormuz Tensions Trigger Short Squeeze

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Bitcoin pushed toward the $75,000 level on Monday, April 13, 2026, as traders covered short positions following President Trump’s order to blockade the Strait of Hormuz, sending the price from a morning low of $70,741 to intraday highs above $74,900.

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Telemac
Telemachttp://cryptoinfo.ch
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