Bitcoin "Fluctuates" When the Hormuz Strait Closes
On April 18, 2026, the Crypto market was engulfed in red after Iran announced the closure of the Hormuz Strait – the global energy lifeline – in response to military actions from the US.
Impact on Bitcoin price:
From a peak of nearly 78,500 USD, Bitcoin (BTC) has plummeted rapidly to the range of 74,000 - 75,000 USD (approximately 1.93 billion VND). The surge in oil prices causing inflationary pressure has led investors to flee from risky assets to seek refuge in cash and gold.
Altcoin market:
Foundational coins like Ethereum (ETH) and Solana (SOL) are suffering heavier losses with declines of 6-10%. Meanwhile, capital is strongly shifting to Stablecoins like USDT to wait for the opportunity to "buy the dip".
Assessment: The market is extremely sensitive to news of military conflict. If US-Iran tensions do not ease soon, Bitcoin risks breaking the support level of 70,000 USD. Investors must absolutely avoid high leverage during this "breathless" volatility period.$BTC
On April 18, 2026, the Crypto market was engulfed in red after Iran announced the closure of the Hormuz Strait – the global energy lifeline – in response to military actions from the US.
Impact on Bitcoin price:
From a peak of nearly 78,500 USD, Bitcoin (BTC) has plummeted rapidly to the range of 74,000 - 75,000 USD (approximately 1.93 billion VND). The surge in oil prices causing inflationary pressure has led investors to flee from risky assets to seek refuge in cash and gold.
Altcoin market:
Foundational coins like Ethereum (ETH) and Solana (SOL) are suffering heavier losses with declines of 6-10%. Meanwhile, capital is strongly shifting to Stablecoins like USDT to wait for the opportunity to "buy the dip".
Assessment: The market is extremely sensitive to news of military conflict. If US-Iran tensions do not ease soon, Bitcoin risks breaking the support level of 70,000 USD. Investors must absolutely avoid high leverage during this "breathless" volatility period.$BTC