Bitcoin Plunges to $70.6K as Oil Soars After US Hormuz Blockade Announcement
Bitcoin fell sharply to $70,623 on Sunday, April 12, 2026, as global markets reacted to a major US geopolitical move. The trigger was an announcement from US President Donald Trump confirming a naval blockade of the Strait of Hormuz following collapsed peace talks with Iran. Simultaneously, oil prices surged 9.5% to $105 per barrel, highlighting […]
