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Bitcoin has dropped below the $76,400 support level, with the price now trading around $73,560. Jordan Kerridge described the situation as Bitcoin struggling to find a floor and highlighted that the 4-hour chart continues to show lower highs and lower lows.
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Kerridge has recently covered several major developments in financial markets. He reported on the U.S. Treasury's plan to buy back up to $6 billion of longer-term debt to support market liquidity. In a separate article, he detailed Iran's offer to reopen the Strait of Hormuz within seven days if the U.S. meets key conditions. These reports come as attention remains on sudden shifts in both traditional and digital asset markets.