Bitcoin slides toward $75,000, ETH, SOL, XRP drop as oil hits four-year high
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- Brent rose 7.1% to $126.41 a barrel, a four‑year intraday high, after Axios reported a Trump briefing on Iran.
- Bitcoin fell 2.1% to $75,633 in Asian hours, down 3% for the week, as the oil price surge raised risk premiums.
- Ether dropped 3.4% to $2,244, down 4.4% weekly, mirroring the broader crypto sell‑off.
- Trump is slated for a briefing on new U.S. military options, including hypersonic missiles, amid the Hormuz shutdown.
- Strait of Hormuz has been effectively shut since late February, choking crude and gas flows and fueling the oil price surge.
Why it matters: Crypto investors lose 2.1% on Bitcoin ($75,633) as Brent jumps 7.1% to $126, boosting oil exporters' revenues and prompting risk‑off moves in equities and bonds.
