Bitcoin price surges to $78k even as oil rises again creating new setup – what you need to know

On Apr. 21, Brent crude price rose 5.4% and closed at $99.89, touching an intraday high of $102.16. The driver for this movement was that shipping through the Strait of Hormuz stayed severely impaired, with reports noting that only three ships transited in the prior 24 hours, down from approximately 140 daily before the conflict began. The IEA’s Fatih Birol called it the largest energy crisis in history and coordinat…