The Hormuz Strait crisis deepens: oil prices break through $110, fund battles in the crypto market


In April 2026, geopolitical tensions in the Hormuz Strait enter a new critical phase.
The US Navy conducts a long-term naval blockade, Iran's Revolutionary Guard claims to have "absolute control" over the strait, while Brent crude oil prices break through $111.
Amid inflows of funds into traditional safe-haven assets, the crypto market does not welcome the expected safe-haven buying surge.
According to data from Gate, as of April 29, 2026, BTC is trading at $77,000, up 0.2% in 24 hours; ETH is trading at $2,330, up 1.5% in 24 hours.
Bitcoin has experienced a cumulative decline since the conflict began, and market sentiment indicators show a neutral stance.
This geopolitical crisis is reshaping the global risk asset pricing model, and Bitcoin's valuation is facing structural scrutiny.
BTC1.74%
ETH1.3%
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GateUser-80014220
· 4h ago
The situation will worsen if America continues to persist with its ego and greed.
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