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Bitcoin dips below $71K as US naval blockade on Iran's Strait of Hormuz sparks market turmoil

Market News
13 Apr 2026
Crypto news
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Bearish
pluang ai news

Bitcoin prices fell to a session low of $70,617 following the US announcement of a naval blockade on the Strait of Hormuz after failed peace talks with Iran. The blockade was ordered by President Trump after Iran refused to end its nuclear program, causing oil prices to surge to $105 per barrel and increasing market volatility. The US Navy was authorized to destroy Iranian naval mines and intercept vessels paying illegal tolls, some reportedly in Bitcoin. While Bitcoin has slightly recovered above $71,000, analysts warn of potential further declines if it falls below $68,000, with a possible drop to $62,000 amid ongoing geopolitical tensions.

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Shirofune launches Walmart Connect to automate and unify retail media campaign management.

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Purecore signs LOI to option 100% of Yurchison uranium property in Canada's Athabasca Basin

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