{"id":96126,"date":"2026-04-13T12:09:33","date_gmt":"2026-04-13T09:09:33","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=96126"},"modified":"2026-04-13T12:10:23","modified_gmt":"2026-04-13T09:10:23","slug":"bitcoin-falls-below-71000-amidst-trumps-decision-to-block-hormuz-strait","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-falls-below-71000-amidst-trumps-decision-to-block-hormuz-strait\/","title":{"rendered":"Bitcoin Falls Below $71,000 Amidst Trump&#8217;s Decision to Block Hormuz Strait"},"content":{"rendered":"<p>The collapse of negotiations and the US&#8217;s preparation to blockade the Hormuz Strait have negatively impacted markets. In the past 24 hours, the price of the leading cryptocurrency has fallen by 1.4%, dropping below $71,000.\u00a0<\/p>\n<p>At the time of writing, the asset is trading around $70,700.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-117e02f5cdb51668-1672495862028972.webp\" alt=\"\u0446\u0435\u043d\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 btc bitcoin price\" class=\"wp-image-278362\"\/><figcaption class=\"wp-element-caption\">Hourly chart BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>The Ethereum rate fell by 1.5% to $2180.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-978fd16de59f74a5-1672523371632182.webp\" alt=\"\u0446\u0435\u043d\u0430 \u044d\u0444\u0438\u0440\u0438\u0443\u043c ethereum eth price\" class=\"wp-image-278363\"\/><figcaption class=\"wp-element-caption\">Hourly chart ETH\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3AETHUSDT\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Negotiation Failure and Hormuz Blockade\u00a0<\/h2>\n<p>On April 11, talks between the US and Iran took place in Islamabad. The parties failed to reach a resolution, prompting a mass exodus of investors from risky assets, noted BTC Markets analyst Rachel Lucas.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">13th April 2026 Daily crypto wrap: Geopolitical headlines dominated crypto markets today as US-Iran peace talks in Islamabad collapsed after 21 hours, triggering a sharp risk-off move. Bitcoin pulled back from near US$74,000 to around US$70,500 following President Trump&#8217;s\u2026<\/p>\n<p>\u2014 Rachael (@Rachael_M_Lucas) <a href=\"https:\/\/twitter.com\/Rachael_M_Lucas\/status\/2043467846962049493?ref_src=twsrc%5Etfw\">April 12, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>US Vice President J.D. Vance <a href=\"https:\/\/www.washingtonpost.com\/world\/2026\/04\/11\/us-iran-islamabad-hormuz-ceasefire\/\">accused<\/a> Tehran of refusing to accept the proposed terms. In response, Iranian authorities <a href=\"https:\/\/www.theguardian.com\/world\/live\/2026\/apr\/11\/middle-east-crisis-live-iranian-officials-arrive-in-islamabad-for-conditional-peace-talks-with-us\">called<\/a> Washington&#8217;s demands &#8220;unreasonable.&#8221;<\/p>\n<p>Following the diplomatic setback, US President Donald Trump <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116392448970133700\">announced<\/a> the blockade of shipping in the Hormuz Strait starting April 13. The restrictions will affect all vessels entering or leaving Iranian ports. According to the WSJ, the plan aims to deprive the country of the ability to export oil.\u00a0<\/p>\n<p>Additionally, Trump and his advisors are <a href=\"https:\/\/www.wsj.com\/world\/middle-east\/trump-weighs-limited-strikes-on-iran-after-talks-collapse-71908883\">considering<\/a> resuming strikes on Iran. Markets are already pricing in the risks of escalation. WTI crude oil futures rose <a href=\"https:\/\/ru.investing.com\/commodities\/crude-oil\">by 7%<\/a> to $103. Brent contracts showed similar dynamics, rising <a href=\"https:\/\/ru.investing.com\/commodities\/brent-oil-historical-data\">by 6.7%<\/a> to $101.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">The First Institutional Cycle<\/h2>\n<p>Lucas emphasized that despite short-term fluctuations, the institutional foundation remains strong. She pointed to the dynamics of spot bitcoin-<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a>, which showed the strongest weekly capital inflow since February.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-23d0280349037552-1672559692264832.webp\" alt=\"\u0441\u043f\u043e\u0442\u043e\u0432\u044b\u0435 \u0431\u0438\u0442\u043a\u043e\u0438\u043d-ETF \u043f\u0440\u0438\u0442\u043e\u043a\u0438 \u0438 \u043e\u0442\u0442\u043e\u043a\u0438\" class=\"wp-image-278364\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/sosovalue.com\/ru\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Exodus CEO JP Richardson noted that this year financial institutions have generally &#8220;accelerated&#8221; their presence in the crypto market, while retail investors have been leaving.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This might be the first cycle in crypto history where institutions are in a bull market and retail doesn&#8217;t even know it.<\/p>\n<p>Stablecoins at $319B. Morgan Stanley launched a Bitcoin ETF. Schwab opened a waitlist for spot bitcoin trading.<\/p>\n<p>Franklin Templeton announced a crypto\u2026<\/p>\n<p>\u2014 JP Richardson (@jprichardson) <a href=\"https:\/\/twitter.com\/jprichardson\/status\/2043482890143453402?ref_src=twsrc%5Etfw\">April 13, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;This might be the first cycle in crypto history where institutions are in a bull market and retail doesn&#8217;t even know it,&#8221; he wrote.<\/em><\/p>\n<\/blockquote>\n<p>Richardson listed examples:\u00a0<\/p>\n<ul class=\"wp-block-list\">\n<li>record growth in <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-stablecoins\">stablecoin<\/a> capitalization;\u00a0<\/li>\n<li><a href=\"https:\/\/u1f987.com\/en\/news\/morgan-stanley-seeks-approval-for-bitcoin-etf-launch\">Bitcoin ETF by Morgan Stanley<\/a>;<\/li>\n<li><a href=\"https:\/\/www.schwab.com\/cryptocurrency\">launch of Schwab Crypto platform<\/a> in the first half of 2026;<\/li>\n<li><a href=\"https:\/\/u1f987.com\/en\/news\/coinshares-debuts-on-nasdaq\">Franklin Templeton&#8217;s crypto division<\/a>;<\/li>\n<li><a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-backed-loans-to-debut-in-the-united-states\">mortgage loans<\/a> backed by digital gold from Fannie Mae.<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;In 2018 and 2022, institutions exited alongside retail. This time they stayed and became more active,&#8221; he noted.<\/em><\/p>\n<\/blockquote>\n<p>MN Fund founder Micha\u00ebl van de Poppe supported Richardson&#8217;s view. According to him, private investors are no longer interested in cryptocurrencies.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It&#8217;s super clear that retail isn&#8217;t interested in <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a>.<\/p>\n<p>Almost everyone has a hard time paying their bills on a monthly basis.<\/p>\n<p>And then spending that amount of money in such a volatile asset?<\/p>\n<p>Hell no.<\/p>\n<p>That&#8217;s why this cycle won&#8217;t be the retail cycle. It&#8217;s the institutional\u2026<\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/2043429448846844392?ref_src=twsrc%5Etfw\">April 12, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;It&#8217;s hard for everyone to pay bills now. Investing money in volatile assets? Definitely not. That&#8217;s why the current cycle is not retail but institutional, and it will last longer,&#8221; the analyst stated.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>Earlier in April, the activity of small bitcoin investors <a href=\"https:\/\/u1f987.com\/en\/news\/retail-bitcoin-investor-activity-hits-lowest-level-since-2017\">dropped<\/a> to its lowest level since 2017.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The collapse of negotiations and the US&#8217;s preparation to blockade the Hormuz Strait have negatively impacted markets. In the past 24 hours, the price of the leading cryptocurrency has fallen by 1.4%.<\/p>\n","protected":false},"author":1,"featured_media":96127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin falls below $71,000 as US prepares to blockade Hormuz Strait.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,840,1138,26],"class_list":["post-96126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-iran","tag-opinions","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin falls below $71,000 as US prepares to blockade Hormuz Strait.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=96126"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96126\/revisions"}],"predecessor-version":[{"id":96128,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96126\/revisions\/96128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/96127"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=96126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=96126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=96126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}