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Bitcoin moves off lowest level as worst of weekend fears slip away
As the U.S. blockade of the Strait of Hormuz goes into effect, reports say Iran is considering the abandonment of uranium enrichment as a way to end the war.
Apr 13, 2026, 2:53 p.m.
What to know:
- Bitcoin moved off the worst of its weekend levels in U.S. Monday morning trading.
- Reports suggested Iran was mulling concessions over its nuclear program as a way to end the war.
- U.S. stocks have also reversed sizable early losses, with crypto-related shares broadly higher.
U.S. stocks have also reversed big early losses, the Nasdaq now higher by 0.3% after sliding more than 1%.
Meanwhile, the promised U.S. blockade of the Strait of Hormuz — scheduled for 10 am ET — has apparently gone into effect.
“Security in the Persian Gulf and the Sea of Oman is either for everyone or for NO ONE,” the Islamic Republic of Iran Broadcasting reported Monday. “NO PORT in the region will be safe,” based on a statement from Iran’s military and the Revolutionary Guards.
Crypto-related stocks are on the move higher as well, led by a 8.3% gain for stablecoin issuer Circle (CRCL). Coinbase (COIN) is up 3.1% and Strategy (MSTR) by 1.5%.
Read more: Strategy buys 13,927 bitcoin for $1 billion, entirely through STRC
