The post Bitcoin (BTC) Slips Under $71K Following U.S. Naval Blockade in Hormuz Strait appeared on BitcoinEthereumNews.com.

Key Takeaways BTC retreated to $70,623 over the weekend following the U.S. blockade announcement in the Strait of Hormuz Diplomatic negotiations between Washington and Tehran broke down when Iran declined to halt its nuclear program Crude oil prices surged 9.5% to $105 per barrel in the first half-hour after U.S. futures trading commenced Open Interest in Bitcoin futures contracts declined to $51.39 billion from the previous day’s $54.82 billion BTC has gained 7.4% since hostilities commenced between the U.S. and Iran on February 28 Bitcoin experienced a decline to $70,623 over the weekend as the United States declared a naval blockade targeting the Strait of Hormuz. This development followed the collapse of diplomatic efforts between Washington and Tehran. [[IMG_2]]Bitcoin (BTC) Price President Donald Trump validated the blockade through a Truth Social announcement, stating that Iran’s refusal to terminate its nuclear weapons development was the singular critical obstacle in negotiations. Vice President J.D. Vance disclosed late Saturday that diplomatic discussions held in Pakistan yielded no progress toward an extended cessation of hostilities. Bitcoin maintained levels above $73,000 throughout most of Saturday before experiencing a sharp correction. $BTC Falls Under $72,000 After US Vice President JD Vance said the US failed to reach a deal with Iran during the Pakistan talks. JD Vance said: “We Negotiated in Good Faith And Offered the best We Could to the Iranians.” My View: I Already said Bitcoin must break the $76,000… https://t.co/ExT2Du7zQD pic.twitter.com/AAkLWzOSUl — Crypto Patel (@CryptoPatel) April 12, 2026 Following the blockade confirmation, BTC descended to approximately $70,900 — representing a 2.5% decline across a 24-hour period. The cryptocurrency extended losses to $70,623 as U.S. futures trading commenced Sunday. Crude oil jumped 9.5% to reach $105 per barrel in the initial 30 minutes of market activity. Brent crude touched $98 on Monday as the…

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Filed under: News - @ April 13, 2026 6:28 am