Bitcoin Holds Steady at $77,000 Amid Hormuz Blockade Threats and Fed Anticipation

Bitcoin is trading just under $77,000, exhibiting unusual stability amidst a backdrop of severe geopolitical instability and macroeconomic uncertainty. The asset has remained largely flat over the last 24 hours, even as global markets react to reports that the U.S. is preparing for an extended naval blockade of the Strait of Hormuz. The geopolitical tension has sent Brent crude oil prices climbing above $111 per barrel. President Donald Trump indicated that Iran is in a 'State of Collapse,' while Tehran has hinted at a potential interim deal to reopen the strait provided U.S. port blockades are lifted. This energy shock is adding fresh pressure to inflation expectations just as the Federal Reserve and the European Central Bank prepare to announce critical interest rate decisions. While Bitcoin remains stable, other major tokens have faced downward pressure. Ether fell 2.6% to $2,310, Solana dropped 3.2% to $84.57, and BNB declined 2.3% to $625. Dogecoin was the sole top-10 outlier, gaining 5.5% to reach $0.1016. This divergence has led to a slight increase in Bitcoin's market dominance, a common trend during periods of macro stress. Analysts suggest that Bitcoin's current lack of volatility may stem from a dried-up supply overhang, making it less sensitive to regulatory or central bank noise. However, technical levels remain critical; a drop below $75,000 could break the current upward range, while a move toward $80,000 would signal a continuation of the rally and a retest of long-term resistance.