Bitcoin Price Forecast: Is a Drop Below $80K Next as Strait of Hormuz Risks Grow?

Bitcoin price faced renewed pressure on October 17 as inflation concerns, regional tensions, and fund withdrawals weakened market sentiment. BTC price is still recovering to the all-time lows last month, and is steadily moving toward the psychological mark of $80,000. The crypto markte fell by 0.93% over the past 24 hours to $2.74 trillion. Fear The post Bitcoin Price Forecast: Is a Drop Below $80K Next as Strait of Hormuz Risks Grow? appeared first on CoinGape .