Ethereum’s market witnessed an unexpected jolt, following Iran’s decision to reopen the Strait of Hormuz to commercial traffic. This geopolitical shakeup, accompanied by progress in discussions with the United States, caused a swift chain reaction in crypto derivatives, inducing a sharp price ascent propelled by forced liquidation of over-leveraged short positions.
Continue Reading:Ethereum Market Rocks with Sudden Squeeze After Hormuz Reopening
Source: https://en.bitcoinhaber.net/ethereum-market-rocks-with-sudden-squeeze-after-hormuz-reopening
