Bitcoin fell 1.9% from $75,737 to $74,316 on Middle East oil supply concernsMixed signals as geopolitical risk pressured price while institutional sentiment surveys showed continued positive momentum
Strait of Hormuz closure sent oil prices spiking and Bitcoin trading with risk assets rather than as inflation hedge
Nomura survey revealed 65% of institutional investors now view crypto as vital portfolio diversifier, up significantly from prior periods
Industrial conversion accelerated with Alcoa selling dormant aluminum smelter to NYDIG for Bitcoin mining operations
Network fundamentals remained robust with hashrate above 1 EH/s and low fee environment supporting long-term adoption infrastructure
Market Snapshot
Market Cap
$1.49T
24h Volume
$55.26B
Dominance
57.4%
Founding Member
Join as one of the first 100 founding members and get full Pro access, free, permanently.