Bitcoin slips below $71,000 as Trump orders U.S. to join Iran in blockade of Strait of Hormuz

Bitcoin slips below $71,000 as Trump orders U.S. to join Iran in blockade of Strait of Hormuz

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin slips below $71,000 as Trump orders U.S. to join Iran in blockade of Strait of Hormuz"Effective immediately, the United States Navy ... will begin the process of blockading any and all ships trying to enter, or leave, the Strait of Hormuz," said the president in a social media post.By Stephen AlpherUpdated Apr 12, 2026, 4:51 p.m. Published Apr 12, 2026, 1:46 p.m. Make preferred on President Trump (Library of Congress on Unsplash/Modified by CoinDesk)Crypto prices are under further pressure during U.S. morning hours on Sunday after President Trump announced a blockade of the Strait of Hormuz. "Effective immediately, the United States Navy ... will begin the process of blockading any and all ships trying to enter, or leave, the Str

Source: https://www.coindesk.com/markets/2026/04/12/bitcoin-slips-below-usd71-000-as-trump-orders-blockade-of-strait-of-hormuz