Key Takeaways
- Bitcoin peaked at $82,458 on Sunday before retreating and consolidating under $82,000.
- Nearly $135 million in bitcoin positions were liquidated as Trump’s rejection of Iran’s deal flattened markets.
- Aramco CEO Amin Nasser warns that a blocked Strait of Hormuz could delay oil normalization until 2027.
Bitcoin Battles Resistance Above $81,000
Bitcoin carried the momentum that saw it reclaim the $80,000 threshold and reach a peak of $82,458 late Sunday into the new working week, holding above $80,500 for much of Monday morning. Data show that bitcoin began Monday, May 11, at just below $80,700 and steadily rose before meeting resistance at $81,250 at 9:20 a.m. EDT.
The top cryptocurrency then erased all morning session…
