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Bitcoin traded near $62,600 on Tuesday, down 0.3% over 24 hours. President Trump reinstated the U.S. blockade of Iranian ships through the Strait of Hormuz and demanded a 20% fee on cargo. Brent crude rose 2.8% to $85, lifting Fed rate-hike bets and pressuring crypto.
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Summary by ByteBrief
Bitcoin nears $64,000 on chip rally, yen strength