Bitcoin Rebounds to $63,400 on June 11 as Iran Keeps Strait of Hormuz Closed Despite Trump's Deal Claim

BTC0.91%
According to Bitcoin.com News, Iran kept the Strait of Hormuz closed on June 11 despite Trump claiming the U.S. had reached a deal, while Bitcoin rebounded 2.3% to trade near $63,400 from a session low of $60,914. The waterway carries approximately 20% of global energy supply; its closure has pushed oil prices and inflation higher, tightening liquidity for risk assets including crypto. Traders weighed de-escalation hopes against the reality of a still-shuttered strait, leaving markets hostage to competing U.S. and Iranian claims.
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