Bitcoin and Ethereum Price Face Make-or-Break Levels Amid Trump’s Hormuz Blockade and USD Dominance

The crypto market is down today, April 13, after President Trump announced that the US will block the Strait of Hormuz. In a contrasting performance, the US dollar index (DXY) has surged because the US has less exposure to oil disruptions caused by the closure. A forecast of Bitcoin and Ethereum price performance now signals that the dip may intensify if the sentiment does not change.