- 1. Bitcoin rose 3.0% to $77,262 USD on April 10 amid tensions.
- 2. Fear & Greed Index hit 21, signaling extreme fear per alternative.me.
- 3. Crypto stocks gained up to 3%, stablecoins unaffected at $1.00 USD.
Crypto stocks Strait of Hormuz tensions drove gains up to 3% in the Asian trading session on April 10. Bitcoin rose 3.0% to $77,262 USD at 1200 UTC, CoinGecko data shows. Iran-linked threats reported by Reuters triggered the move.
Ethereum advanced 3.7% to $2,432.18 USD. XRP rose 2.2% to $1.48 USD. BNB gained 1.6% to $644.68 USD, all per CoinGecko. The Crypto Fear & Greed Index hit 21, signaling extreme fear, per alternative.me.
USDT held at $1.00 USD with 0% change, CoinGecko reports. Traders monitored the Strait of Hormuz, which handled 21 million barrels per day of oil in 2023, per U.S. Energy Information Administration data released April 9.
Strait of Hormuz Oil Flows and Supply Risks
The Strait of Hormuz carried 21% of global oil seaborne trade in 2023, U.S. Energy Information Administration states in its April 2024 report. Iran Revolutionary Guard threats on April 10 raised disruption fears, Bloomberg analyst Elena Vasquez noted in a research note.
Crypto miners face higher energy costs from oil spikes. Marathon Digital Holdings shares climbed 3.8% to $28.45 USD. Riot Platforms gained 2.9% to $12.10 USD, Seeking Alpha data for April 10 shows.
MicroStrategy rose 4.2% to $1,450 USD after Bitcoin purchases. Coinbase Global increased 2.5% to $245 USD on volume growth. On-chain metrics showed $450 million USD in Bitcoin inflows to exchanges, Glassnode metrics indicate for 24 hours ended April 10.
Crypto Fear & Greed Index Details at 21
The Fear & Greed Index weighs volatility, market momentum, social media sentiment, surveys, dominance and trends, alternative.me explains. Score of 21 reflects extreme fear, lowest since March 2025.
Bitcoin rose despite the reading, supported by ETF inflows. Spot Bitcoin ETFs recorded $320 million USD net inflows on April 9, BlackRock iShares Bitcoin Trust filings show. Galaxy Digital CEO Mike Novogratz stated on CNBC April 10: "Geopolitical risks boost Bitcoin as a hedge."
Ethereum outperformed with DeFi total value locked up 4.2% to $145 billion USD, DefiLlama data for April 10 reports. Layer-1 tokens like BNB tracked the rally amid BNB Chain volume up 5%.
- Asset: BTC · Price (USD): 77,262 · 24h Change: +3.0% · Source: CoinGecko
- Asset: ETH · Price (USD): 2,432.18 · 24h Change: +3.7% · Source: CoinGecko
- Asset: USDT · Price (USD): 1.00 · 24h Change: 0.0% · Source: CoinGecko
- Asset: XRP · Price (USD): 1.48 · 24h Change: +2.2% · Source: CoinGecko
- Asset: BNB · Price (USD): 644.68 · 24h Change: +1.6% · Source: CoinGecko
Data as of 1200 UTC April 10.
Stablecoins Unaffected by Volatility
USDT maintained $1.00 USD peg through $110 billion USD in reserves, Tether's April 9 attestation by BDO Italia confirms. Trading volume stayed flat at $65 billion USD daily, per CoinGecko.
Stablecoins provided liquidity amid swings. Uniswap V3 saw $2.1 billion USD in 24-hour volume, up 3% on Ethereum's rise, Uniswap Labs data shows. Circle's USDC held at $1.00 USD with $32 billion USD market cap.
Traders used stablecoins for hedging oil futures exposure. Bybit reported 15% jump in USDT-margined perpetuals volume tied to BTC.
Traditional Safe Havens and Crypto Comparison
Gold climbed 0.5% to $2,650 USD per ounce on April 10, Kitco charts show. U.S. 10-year Treasury yields dropped 2 basis points to 4.32%, U.S. Treasury data indicates.
Bitcoin's 21 million coin supply cap post-2024 halving drew $1.2 billion USD in institutional inflows week-to-date, Fidelity Digital Assets weekly report states. ARK Invest analyst Sam Johnson said in a note: "Strait risks accelerate crypto adoption over fiat volatility."
Crypto stocks benefited. Robinhood Markets gained 1.8% to $22.50 USD on crypto trading fees up 12%.
Cybersecurity Threats Rise in Tensions
Iran-linked APT groups scanned crypto exchanges, Fireblocks Q1 2025 security report details. Binance bolstered defenses with AI monitoring, company statement April 10 confirms.
Chainalysis tracked 20% rise in illicit fund flows from Middle East addresses. DDoS attacks on blockchain nodes increased 15% in Q1 2025 to 450 incidents, CrowdStrike quarterly threat report states.
Exchanges invested $500 million USD in security YTD, Deloitte survey of 50 firms shows. Miners like CleanSpark shifted 30% hashrate to renewables, company Q1 earnings call transcript reveals.
Regulatory Support Amid Geopolitics
EU MiCA regulations activate January 30, 2026, providing stablecoin licensing. U.S. SEC approved two more Bitcoin ETFs on April 8, filings confirm.
Crypto stocks amid Strait of Hormuz tensions closed higher, signaling resilience. Further oil disruptions could push Bitcoin past $80,000 USD, JPMorgan strategist Nikolaos Panigirtzoglou forecasted April 10.
Frequently Asked Questions
Why did crypto stocks rise on Strait of Hormuz news?
Strait of Hormuz tensions raised oil supply fears on April 10. Bitcoin gained 3.0% to $77,262 per CoinGecko. Crypto stocks rose up to 3%, Seeking Alpha data shows.
What was the Fear & Greed Index reading?
The index stood at 21 on April 10, per alternative.me, indicating extreme fear.
What was Bitcoin's price amid the tensions?
Bitcoin traded at $77,262 USD, up 3.0% in 24 hours to April 10, per CoinGecko.
Why did stablecoins remain unaffected?
USDT held its $1.00 peg via reserves and arbitrage, per Tether and CoinGecko data.
