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#Blokade Does Hormuz Trump impact Bitcoin?
The immediate effect on the market: Brent crude oil prices surged 8% overnight, breaking through $103/barrel, and potentially heading toward $110+ Bitcoin dropped 2.5% to around $71,000 as risk sentiment worsened.
The crypto market overall is stagnant — investors are shifting to risk-off mode.
Current BTC condition (as of April 14, 2026, 10:27 AM): BTC has rebounded and is currently around $74,266, up +4.51% in 24 hours. This indicates the market is beginning to price in that the blockade only targets Iranian ports, not closing the entire Strait of Hormuz to all ships.
#GateFounderDrHan13thAnniversaryLetter #CryptoMarketRecovery #USBlocksStraitofHormuz #IsraelStrikesIranBTCPlunges