Bitcoin’s Wobbly Waltz: Will the Fed Trip It Up?

According to the eggheads at crypto.news, Bitcoin (BTC) faced a bit of a snub at around $80,000 on Monday, after which it took a 4% nosedive to an intraday low of $75,850 on Tuesday. This, my dear reader, is all thanks to the uncertainty surrounding the Strait of Hormuz, what with the U.S. and Iran playing a rather tense game of diplomatic chess. Investors, naturally, are in full risk-off mode, clutching their wallets like a miser with his last sovereign.

