US Navy Enters Strait of Hormuz to Clear Iranian Mines, Bitcoin Falls 2.5%
By Jamie Redman
Bitcoin fell 2.5% to $71,067 after U.S.-Iran peace talks in Islamabad collapsed without agreement. The U.S. Navy deployed two destroyers to the Strait of Hormuz to clear Iranian mines amid rising tensions. This geopolitical escalation directly contributed to the cryptocurrency's price drop on April 12, 2026.
Not financial advice. Do your own research before making investment decisions.