Bitcoin Briefly Tops $72,000 on Report Iran Will Charge Strait of Hormuz Tolls in BTC
Summary
- Reports that Iran will collect Strait of Hormuz tolls in Bitcoin (BTC) briefly pushed Bitcoin above $72,000.
- CoinMarketCap data on June 8 showed Bitcoin trading at $71,491.03, up 4.97%% from a day earlier.
- Ethereum (ETH) was trading at $2,228, up 7.4%% from a day earlier, while the kimchi premium was measured at 0.60%%.
Forecast Trend Report by Period
Bitcoin rebounded and briefly rose above $72,000 after reports said Iran would charge Strait of Hormuz transit fees in Bitcoin.
CoinMarketCap data on June 8 showed Bitcoin climbing from the $71,000 range into the $72,000 range earlier in the day. As of 11:25 p.m., it was trading at $71,491.03, up 4.97% from a day earlier.
The bounce came after news emerged that Iran would impose Strait of Hormuz tolls in Bitcoin. Hamid Hosseini, spokesman for the Iranian Oil, Gas and Petrochemical Products Exporters' Union, told the Financial Times on June 8 that Iran would charge oil tankers transit fees for the strait in Bitcoin.
The kimchi premium remained in the 0% range. Cryprice data showed the premium at 0.60% as of 11:24 p.m. on June 8.
Ethereum also traded above $2,200. CoinMarketCap data showed Ether at $2,228 as of 11:25 p.m., up 7.4% from a day earlier.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
