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Trump triggers $20B crypto wipeout with Strait of Hormuz takeover claim

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July 13, 2026 · 4:09 PM

Trump triggers $20B crypto wipeout with Strait of Hormuz takeover claim

Bitcoin and the broader crypto market have lost more than $20 billion in value after President Donald Trump’s latest remarks on the Strait of Hormuz pushed oil prices higher and accelerated risk-off selling. Trump’s comments have intensified pressure across global…

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Trump triggers $20B crypto wipeout with Strait of Hormuz takeover claim | cryptobinto