US-Iran Talks Collapse, Trump Threatens Hormuz Blockade, Bitcoin Drops Below $71K
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US-Iran Talks Collapse, Trump Threatens Hormuz Blockade, Bitcoin Drops Below $71K

13 April, 2026.Crypto.4 sources

Key Takeaways

  • US-Iran talks collapsed without agreement, heightening Hormuz blockade concerns.
  • Bitcoin hovered near $71,000, with reports of both above and below levels.
  • Geopolitical risk from US-Iran tensions influenced crypto trading and volatility.

Geopolitical Fallout

The breakdown coincided with Trump's threat to blockade the Strait of Hormuz.

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Market data showed no panic sell-off, suggesting much of the risk had been priced in.

Institutional demand continued to underpin prices with strong ETF inflows.

Bitcoin's price reaction unfolded as a mixed bag of risk signals and technical pressure.

Market Dynamics

Bitcoin-long positions faced notable liquidations.

Long liquidations climbed toward the $350 million mark over 24 hours.

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The liquidation heat map pointed to a tremor in speculative bets.

Michaël van de Poppe argued a longer flare-up would hamper risk-on assets.

He suggested the Fed might reassert its unconventional toolkit.

Institutional Influence

BlackRock's iShares Bitcoin Trust brought in approximately $612 million.

Morgan Stanley's MSBT fund raised about $46 million in its first three days.

Improving regulatory clarity in Asia is supporting fresh capital inflows.

Bitcoin's resilience was attributed to its historical tendency to gain during periods of conflict.

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