Last weekend, the US-Iran negotiations completely broke down, and Trump immediately announced that the US Navy would blockade the Strait of Hormuz. This directly drove the decline you’re seeing. BTC briefly fell below 70,600, and oil prices jumped in tandem by 7%, a typical “risk assets retreat across the board” reaction. Now BTC is around 71,170, and ETH is reported at 2,197. Both are down about 1–1.3% over the past 24 hours, but compared with the moment right after the news first broke, they’ve already started to recover somewhat.

BTC-1.26%
ETH-1.36%
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