Bitcoin Drops, Oil Surges as Trump Prepares to Extend Strait of Hormuz Blockade

Bitcoin’s attempt to overcome $78,000 ahead of today’s FOMC meeting was halted in its tracks, perhaps due to the latest reports on the war against Iran, and the asset dipped by $1,500 in minutes. At the same time, oil prices surged once again, with USOIL jumping to $105 for the first time since April 13. This came shortly after reports emerged claiming that the US President Donald Trump had discussed with…