Bitcoin, ETH and Geopolitics: Web3 Thoughts of the Week

Geopolitical tensions — notably a new blockade of the Strait of Hormuz — roiled crypto and oil markets, sending Bitcoin on a rapid intraday drop and pushing Brent crude back above $100. Analysts warn BTC, which traded around $74k, is flirting with key support near $70k and could slide to $65k if that level breaks, while a daily close above $74k (cited for April 14) would open resistance targets at $76k and $79k. Commentators link weekend crypto moves to Monday US equity futures, suggesting S&P 500, Nasdaq and Dow may follow risk-off flows. Longer-term views are mixed: technical signals show a potential BTC breakout, but macro risks (higher oil, stagflation) could prolong a risk-asset downturn. Ethereum fundamentals (user growth, record stablecoin supply) are cited as supportive for ETH in the medium term.