---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000584987.md"
description: "$BTC/USD(BTCUSD.HAS)$ETH/USD(ETHUSD.HAS)$BitMine Immersion Tech(BMNR.US)$Strategy(MSTR.US)Strait of Hormuz Update: Volatile Markets on EdgeThe Strait of Hormuz is currently open for commercial shipping, but only temporarily due to a ceasefire linked to tensions involving Lebanon.Talks between the United States and Iran are ongoing, including a proposed $20B release of frozen funds. No deal has been signed yet. A second round of negotiations is expected soon.Market reactions:* 🛢 Oil prices dropped sharply (~9–11%)* 🪙 Bitcoin surged above 77.8k, while Ethereum trades around 2.4K* 🟡 Gold (XAU/USD) climbed to around 4877 amid volatilityAll key technical levels are being broken. Fundamentals are now driving the market. Movements are fast and aggressive, with sharp spikes up and down.This is not a normal market. Expect continued volatility as geopolitical uncertainty unfolds. Trade safely. Be cautious."
datetime: "2026-04-17T14:45:24.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000584987.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000584987.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000584987.md)
author: "[Fattycat](https://longbridge.com/en/profiles/19854884.md)"
generator: "portal-rs"
---

# $BTC/USD(BTCUSD.HAS)$ETH/USD(ETHUSD.HAS)$BitMine I…


### Related Stocks

- [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md)
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- [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md)
- [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md)
- [STRF.US](https://longbridge.com/en/quote/STRF.US.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**