Bitcoin rips past $82,000, shorts liquidated after President Trump halts Hormuz operation sending oil price spiralling

Bitcoin rose above $82,000 as oil prices tumbled amid a powerful tailwind from a sudden and dramatic de-escalation in US-Iran geopolitical tensions. Data from CryptoSlate showed that BTC extended a weeklong rebound that has lifted its value by more than 7% this week after President Donald Trump paused a US military operation in the Strait of Hormuz. BTC’s upward price movement led to the liquidation of over $200 mill…