Oil price surges to highest level in 4 years, Bitcoin stalls, Trump coins crash

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Last Updated on 1 May 2026 by CryptoTips.eu

Crypto took a hit after a very strong month of April as the oil price rose to 126 dollars per barrel as the US and Iran escalated war rhetoric. On Monday, Bitcoin still seemed on track to end the month near $80,000, but in the end it closed at a price of $77,000 and a monthly gain of almost 12%.

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Strait

Once again, geopolitics is preventing Bitcoin from rising further. Currently, the United States is blocking the Strait of Hormuz to prevent Iran from selling oil. Iran does occasionally allow tankers through, but they must pay 2 million dollars (in Bitcoin, USDT, or Chinese Yuan) to pass.

The latter is being called “piracy” by the Gulf states. Until now, the strait was considered an international waterway, which was toll-free and open to everyone.

Analysts therefore believe it is unlikely that Bitcoin will rise above $80,000 in the coming days, unless tensions in the Middle East ease and the oil price drops below $100 per barrel again. This could immediately fuel a broader rally in high-risk assets.

Trump-coins

After his own Trump memecoin previously plummeted to its lowest level ever, World Liberty Financial has now also dropped further. The Trump family’s coin, which last year was used by foreign governments to ‘invest’ in the US president, fell to 6 cents and lost 20% this week.

 

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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