BTC drops below $77K as Hormuz standoff sends oil to a 3-week high

Bitcoin slipped under $77,000 as a geopolitical standoff in the Strait of Hormuz pushed oil prices to their highest level in three weeks, rattling risk assets across the board. Ether and Solana followed suit, with both tokens sliding in tandem as macro fear overrode any crypto-specific catalysts.

The Hormuz corridor handles roughly a fifth of global oil supply, and any credible disruption threat tends to trigger a flight from risk — crypto included. The correlation between energy-shock headlines and BTC drawdowns has tightened noticeably in recent cycles, reflecting deeper institutional cross-asset positioning.

Until the geopolitical picture clarifies, short-term volatility across the majors looks elevated. Traders will be watching oil's next move as the clearest leading indicator for crypto sentiment.