BTC $71,195 (-2.57%) | April 13, 2026

Bitcoin fell 2.6% to $71,195, dropping below the psychologically important $71,000 level as geopolitical tensions escalatedRisk-off sentiment dominated as US-Iran war tensions intensified, though institutional buyers like MicroStrategy signaled continued accumulation

Trump ordered naval blockade of Strait of Hormuz after failed peace negotiations, triggering immediate selling
Bitcoin broke below $71,000 support level amid broader risk asset selloff and oil price spike
MicroStrategy's Saylor signaled upcoming Bitcoin purchase, demonstrating institutional contrarian positioning
Analysts maintain $88,000 targets despite war risks, citing intact supply dynamics and ETF flows
Network fundamentals remain robust with hashrate near 960 EH/s and minimal mempool congestion supporting long-term value proposition

Market Snapshot

Market Cap

$1.42T

24h Volume

$30.30B

Dominance

56.9%

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