Thursday, 23 April 2026 · No. 22
Hormuz disruption tightens liquidity as Bitcoin consolidates with strong network health.
The Lead
Persistent Iranian enforcement actions in the Strait of Hormuz drive the primary pressure across markets right now. The resulting energy price spike to over ninety four dollars forces central banks to abandon easing plans and prepare for potential rate increases instead. These policy shifts create tighter liquidity conditions that weigh directly on risk assets including Bitcoin. The price holds flat around seventy eight thousand dollars with volume that does not confirm any breakout attempt. In contrast the network demonstrates resilience through stable hashrate near nine hundred sixty exahashes per second along with gradual expansion in Lightning capacity. This miner and developer conviction stands at odds with the fearful sentiment, moderate MVRV, and wallet distribution patterns visible on exchanges. Most participants ignore how that mismatch leaves the asset exposed to a sharp downside move if support fails. Whether demand from entities evading sanctions in this environment can counteract the broader liquidity squeeze presents the question without any clear resolution. Reuters Bloomberg Glassnode
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The Reading
Threat
MONITORING
Conviction
59/100
201 sources cited
At Publication
Now and change since Thu 23 Apr
- BTC Price
- $78,027
- 24h Change
- 0.01%
- Fear & Greed
- 46
- Hashrate
- 960.3 EH/s
- MVRV
- 1.45
- Block Height
- 946,271
- S&P 500
- 7,137.9
- VIX
- 18.92
- Gold
- $4722
- DXY
- 98.52
- US 10Y
- 4.30%
- Oil
- $94.44
In This Briefing
The Wire
BITCOIN
Bitcoin chases monthly high above $80K as nearly all BTC price metrics turn bullish — Cointelegraph
BITCOIN
Trump-linked American Bitcoin energizes 11,298 new ASICs — Cointelegraph
CONFLICT
US Drains Half Its Patriot Arsenal During Iran War, New Military Study Finds — ZeroHedge
CONFLICT
CNBC Daily Open: Markets cheer ceasefire — but hostilities continue — CNBC
POLITICAL
From Gaza To BRICS: The Revolt Against The Dollar Order — ZeroHedge
ECONOMY
CSX says more businesses are shipping via rail to avoid surging fuel costs — MarketWatch
Sources (201)
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