Trump reject reopen for Hormuz; oil jump pass $100, Bitcoin drop as crypto stocks fall
Trump reject Iran offer wey go reopen the Strait of Hormuz based on terms wey join bigger nuclear talks. The decision raise Middle East energy risk, push WTI above $100 and tighten overall risk sentiment.
Bitcoin (BTC) dey trade around $78.7K, comot small from short move toward ~$75.9K as traders remain cautious. The article describe Bitcoin move as modestly positive over 24 hours, but technical picture still bearish (Supertrend mark as bearish) and overall tone "sideways with caution".
Crypto-linked equities sharply drop. Robinhood fall about 14% after earnings read as weakening crypto trading revenue; Coinbase and Bullish drop about 8%. The sell-off extend to Gemini, Riot Platforms, MARA, and MicroStrategy, reinforce the "weaker demand" narrative.
Next catalysts for liquidity and risk: the Fed rate decision and Chair Powell guidance, plus major tech earnings (Alphabet, Amazon, Meta, Microsoft) wey fit affect sentiment through AI spending.
BTC levels to watch: support near the high-$78K area and resistance around ~$79.4K, with wider resistance zone up to ~$80.95K.
Bearish
Oil wey jump pass $100 after the Trump–Iran/Hormuz decision na direct gbege for wider risk appetite. For Bitcoin especially, the later article dey frame price action as just small positive over 24 hours but still cautious, with Supertrend marked bearish and overall tone sideways-with-risk. Meanwhile, crypto-stock sell-offs (HOOD/COIN and others) dey signal weaker demand expectations and fit spill over into sentiment and liquidity. Near term, traders fit keep defensive positioning in BTC ahead of the Fed/Powell and major tech earnings, which reinforce bias toward downside or range trading rather than proper breakout.