Why is Crypto Market Down Today (April 12)?
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The crypto market has seen renewed pressure on Sunday after escalating geopolitical tensions rattled global financial markets. The total capitalization went down 1.72 per cent in less than 24 hours, falling to $2.42 trillion. The recession was after the breakdown of diplomatic negotiations between the United States and Iran. Crypto Market Slides 1.72% as U.S.–Iran Tensions Trigger Risk-Off Shift The market sentiment dipped drastically following negotiations in Islamabad that could not yield an agreement on Iran nuclear program. The deliberations were reported to last almost 24-hours before it broke down. Soon after that, President Donald Trump declared a naval blockade of Strait of Hormuz. He said that U.S troops would be inspecting vessels moving into or out of the strategic canal. The American naval forces also started to work to find and eliminate possible sea mines. Authorities threatened to deal with any aggression towards American troops or any commercial ships with a harsh response. BREAKING: President Trump says the US Navy will begin “blockading any and all ships” trying to enter or leave the Strait of Hormuz. “Any Iranian who fires at us, or at peaceful vessels, will be blown to hell,” he says. pic.twitter.com/hH2lWNeVT1 — The Kobeissi Letter (@KobeissiLetter) April 12, 2026 Strait of Hormuz is one of the most important oil transit routes in the world. Any instability is likely to provoke instant responses in the international markets. The issue of energy supply returned in the nearest future, and it provoked a coordinated equities and digital assets sell-off. Uncertainty increased and traders moved into less risky areas. The large market tone became apprehensive hours after the announcement. Liquidations Spike as $89M in Bitcoin Long Positions Get Wiped Out The abrupt geopolitical shift led to a wave of liquidations across crypto derivatives markets.The Bitcoin liquidation increased by 89.57% in…
Filed under: News - @ April 12, 2026 3:22 pm