Bitcoin Price Climbs Toward $75,000 as US-Iran Strait of Hormuz Tensions Trigger Short Squeeze

Bitcoin pushed toward the $75,000 level on Monday, April 13, 2026, as traders covered short positions following President Trumps order to blockade the Strait of Hormuz, sending the price from a morning low of $70,741 to intraday highs above $74,900. Key Takeaways: Bitcoin climbed toward $75,000 on April 13 after millions in short positions were []