Crypto markets stall as oil surges past $100 on Strait of Hormuz blockade

Crypto markets stall as oil surges past $100 on Strait of Hormuz blockade

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCrypto markets stall as oil surges past $100 on Strait of Hormuz blockadeBitcoin and ether retreated Monday as tensions in the Middle East triggered a spike in crude oil, forcing traders into defensive derivatives positioning.By Oliver Knight, Omkar Godbole|Edited by Sheldon Reback Apr 13, 2026, 10:36 a.m. Make preferred on BTC/USD (CoinDesk Data)What to know: Bitcoin remains trapped in a monthslong trading range after failing to clear resistance at $74,000.Short interest is rising for some major altcoins, like cardano, and broader market sentiment shows a preference for downside protection through put options.Speculative memecoins and select DeFi tokens outperformed the wider market as investors pivoted away from major assets toward hig

Source: https://www.coindesk.com/markets/2026/04/13/crypto-markets-stall-as-oil-surges-past-usd100-on-strait-of-hormuz-blockade