Overview
- Bitcoin fell to roughly $75,000 after Wednesday’s Federal Reserve decision to keep rates unchanged in an 8–4 split vote, and crypto‑linked stocks also dropped.
- Oil jumped above $100 to as high as $111 per barrel on reports that President Trump prepared for an extended Strait of Hormuz blockade and later rejected Iran’s offer to lift it, pressuring risk assets.
- Order books show concentrated sell orders around $80,400 to $82,000 that have repeatedly blocked breakouts, while spot trading volumes have sunk to multi‑quarter lows that make prices swing more on small orders.
- Institutional demand remains a support pillar, with about $2.5 billion of net inflows to US spot Bitcoin ETFs in April and a filing showing Michael Saylor’s firm bought 3,273 BTC through April 27.
- Traders now see Bitcoin holding in the $75,000 to $77,000 range as they track energy prices, fresh headlines on the Strait of Hormuz, and upcoming inflation data that could shape the next Fed signals.