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Bitcoin holds steady near $77K amid energy market turmoil and crypto selloff; oil prices surge on U.S. naval blockade fears.

Market News
29 Apr 2026
Blockonomi
View Source
Neutral
pluang ai news

Bitcoin remains stable just below $77,000 despite a broader cryptocurrency selloff and rising crude oil prices, which jumped above $111 per barrel due to potential U.S. naval blockade in the Strait of Hormuz. While Bitcoin posted a slight 0.1% gain in 24 hours, leading altcoins like Ethereum, XRP, Solana, and BNB experienced weekly losses, with Dogecoin as the only gainer. Market experts note Bitcoin's reduced sensitivity to macroeconomic factors and highlight critical support at $75,000 and resistance near $80,000. Upcoming Federal Reserve and ECB rate decisions could add volatility to financial markets, keeping investors cautious.

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