Bitcoin (CRYPTO: BTC) slipped below $71,000 on Monday after President Trump ordered the U.S. to join Iran in blockading the Strait of Hormuz. The Profit-Taking Pressure Blockchain analytics firm Glassnode reports that traders are selling more than $20 million worth of Bitcoin per hour to lock in profits.
Strategy acquired 13,927 bitcoin for approximately $1 billion at an average price of $71,902 per coin on April 13, 2026, bringing the company's total holdings to 780,897 BTC. Key Takeaways: Strategy acquired 13,927 BTC for $1 billion on April 13, 2026, pushing total holdings to 780,897 bitcoin.
Last week's purchases were completely funded by sales of Stretch, the companies perpetual preferred stock.
Bitcoin nears a key resistance zone, where demand must absorb steady selling to sustain upward momentum.
Bitcoin fell below $71,000 after failed U.S.-Iran talks and renewed tariff threats reversed the previous ceasefire-fueled rally and reignited headline-driven selling across crypto markets. Ether slipped below $2,200, BNB stayed under $600, XRP held near $1.32, and oil climbed above $100 as Hormuz tensions intensified into Monday. Bitcoin commands $1.
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Bitcoin shed more than 10% in hours after Trump ordered a naval blockade of the Strait of Hormuz, rattling global risk markets.
Bitcoin has retraced back to the $71,000 level, as on-chain data shows profit-taking behavior among investors has once again witnessed a spike.
Stack, a United Kingdom Bitcoin (BTC) treasury, announced on Monday, April 13, that Nigel Farage, a U.K. Member of Parliament (MP), has bought £2 million (~$2.7 million) worth of the flagship cryptocurrency.
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