{"id":2081,"date":"2026-04-03T23:03:38","date_gmt":"2026-04-03T23:03:38","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=2081"},"modified":"2026-04-03T23:03:38","modified_gmt":"2026-04-03T23:03:38","slug":"bitcoin-slips-while-oil-climbs-as-trump-signals-move-on-strait-of-hormuz","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/04\/03\/bitcoin-slips-while-oil-climbs-as-trump-signals-move-on-strait-of-hormuz\/","title":{"rendered":"Bitcoin Slips While Oil Climbs as Trump Signals Move on Strait of Hormuz"},"content":{"rendered":"\n
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Oil prices surged to multi week highs as the conflict in the Middle East shows no clear path toward resolution.<\/p>\n\n\n\n

The past week was filled with major developments, largely driven by escalating tensions in the region. These events significantly influenced the price movements of key assets such as Bitcoin and oil.<\/p>\n\n\n\n

Before last Friday\u2019s market update and in the days that followed, Bitcoin was already under pressure. The asset dropped from a recent weekly high of 72,000 dollars to around 65,600 dollars as geopolitical tensions intensified. Over the weekend, price action remained relatively stable despite expectations of further swings. However, on Monday morning, as global markets reopened, Bitcoin fell to a monthly low of 65,600 dollars.<\/p>\n\n\n\n

Volatility picked up again in the days that followed. The 68,000 dollar level acted as strong resistance, preventing multiple breakout attempts, while support at 66,000 dollars held firm. By midweek, bullish momentum pushed Bitcoin to a short term high of 69,200 dollars ahead of a highly anticipated speech by Donald Trump regarding the Iran conflict, where many expected a calming tone.<\/p>\n\n\n\n

Instead, his remarks took a more aggressive stance, repeating earlier warnings that the United States could take severe action against Iran and even suggesting a possible withdrawal from NATO. In response, Bitcoin dropped sharply below 66,000 dollars before recovering slightly to around 67,000 dollars.<\/p>\n\n\n\n

At the same time, oil prices climbed above 110 dollars per barrel, reaching their highest levels since early March. The latest surge followed Trump\u2019s statement that the United States could reopen the Strait of Hormuz with a bit more time.<\/p>\n\n\n\n

Market Overview<\/strong><\/p>\n\n\n\n

The total crypto market capitalization stands at 2.380 trillion dollars, with a 24 hour trading volume of 82 billion dollars. Bitcoin dominance is at 56 percent.<\/p>\n\n\n\n

Bitcoin is trading at 66,800 dollars, showing a slight increase of 0.5 percent. Ethereum is at 2,060 dollars, up 3.6 percent, while XRP is priced at 1.33 dollars, down 1.2 percent.<\/p>\n\n\n\n

Key Crypto Stories From the Week<\/strong><\/p>\n\n\n\n

Analysts Warn of Potential Major Bitcoin Crash<\/strong><\/p>\n\n\n\n

Some analysts believe Bitcoin may have already found its bottom, but XWIN Research Japan has cautioned that the asset could drop by as much as 80 percent if tensions in the Middle East escalate further. A complete shutdown of the Strait of Hormuz is seen as a key risk factor that could trigger such a decline.<\/p>\n\n\n\n

ZachXBT Criticizes Circle Over Drift Hack Response<\/strong><\/p>\n\n\n\n

Drift Protocol was hit by a major hack, and blockchain investigator ZachXBT criticized Circle for failing to act quickly. During the incident, stolen USDC funds were reportedly moved freely from Solana to Ethereum for several hours without intervention.<\/p>\n\n\n\n

Ripple Introduces New Corporate Crypto Solutions<\/strong><\/p>\n\n\n\n

Ripple made significant announcements this week by launching new products designed to help companies manage both fiat and cryptocurrency within a single system. Shortly after, KBRA assigned a BBB issuer rating to Ripple Prime, marking another milestone for the company.<\/p>\n\n\n\n

Metaplanet Expands Bitcoin Holdings<\/strong><\/p>\n\n\n\n

While Strategy did not report any new Bitcoin purchases this week, Metaplanet made a major move by acquiring 5,075 BTC for 405 million dollars. This purchase positions the company as the third largest corporate holder of Bitcoin.<\/p>\n\n\n\n

Long Term Bitcoin Holders Begin Selling at a Loss<\/strong><\/p>\n\n\n\n

Recent data shows that not only short term holders but also long term Bitcoin investors are selling at a loss. Analysts suggest this could signal a final phase of market capitulation before a potential trend reversal.<\/p>\n\n\n\n

Quantum Computing Emerges as a Future Threat<\/strong><\/p>\n\n\n\n

A new report from Google highlights the risks posed by quantum computing to the crypto industry. According to the findings, such technology could potentially break into the largest 1,000 Ethereum wallets within a matter of days, raising concerns about long term security.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Oil prices surged to multi week highs as the conflict in the Middle East shows no clear path toward resolution. The past week was filled with...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2081","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=2081"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2081\/revisions"}],"predecessor-version":[{"id":2083,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2081\/revisions\/2083"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=2081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=2081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=2081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}