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Crypto Market Crashes $20B as Trump Says US Is “Taking Over” Strait of Hormuz

source-logo  coingape.com 13 July 2026 19:20, UTC
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President Donald Trump on Monday said the United States is “taking over” the Strait of Hormuz and countries “must pay” the US for defending. As a result, Brent crude oil prices extend gains above $79 per barrel, causing the crypto market and Bitcoin price to crash lower.

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