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Morning Edition · Wednesday, September 2, 2026Published at 1:46 AM EDT · New York
United States Strikes Near the Strait of Hormuz Push Oil Above $90 and Drag Crypto Lower
Every large-cap token fell over 24 hours, with the higher-beta majors losing roughly three times what bitcoin did, while a firm dollar removed the usual offset.
President Donald Trump confirmed that United States forces are striking Iranian targets near the Strait of Hormuz, according to Cointelegraph. He also rejected the description that the strikes are intended to force Iran into negotiations, s…
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Dollar Liquidity Sets Crypto's Direction
Bank reserve levels and Treasury cash management increasingly determine crypto price direction more than crypto-native flows, tying digital assets to the same funding cycle as leveraged equities.
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