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cryptoApr 28, 2026, 3:15 PM

Bitcoin Drops to One-Week Low on Oil Supply Fears

Bitcoin fell to a one-week low as renewed concerns over global oil supplies, particularly the Strait of Hormuz blockade, drove fears of an Asian crisis.

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Bitcoin price declined to a one-week low, according to a report from Cointelegraph. The drop was attributed to renewed concerns over global oil supplies, with attention focused on a potential blockade of the Strait of Hormuz. The situation has sparked fears of a fresh crisis in Asian markets, weighing on risk assets like cryptocurrencies.

Source: Cointelegraph Markets & Research