Morning Minute: Relentless Sellers, War Volatility Keep Bitcoin Down

Tyler Warner

Mon, April 13, 2026 astatine 9:05 AM CDT 8 min read

Morning Minute is simply a regular newsletter written by Tyler Warner. The investigation and opinions expressed are his ain and bash not needfully bespeak those of Decrypt. And check retired our new regular quality amusement covering each of the apical stories successful ~5 minutes, downloadable connected Apple Pod oregon Spotify.

GM!

Today’s apical news:

• Crypto majors dip from highs arsenic Iran negotiations autumn through; BTC astatine $71,000

• Morgan Stanley plans to widen into tokenized wealth marketplace funds, tax-loss harvesting, Bitcoin output and lending

• Bitcoin researchers find caller imaginable quantum solution not requiring a fork

• Justin Sun speaks retired against WLFI, calls for tokens to unlock

• CFTC positions for “exclusive regulatory authority” of prediction markets

It appears the archetypal circular of Iran bid negotiations did not spell well. And markets didn’t similar it.

Vice President JD Vance walked retired Saturday nighttime without a deal. Trump posted astir immediately: The U.S. Navy volition statesman “BLOCKADING immoderate and each ships trying to enter, oregon leave, the Strait of Hormuz—effective immediately.”

This sent markets into the red, with BTC falling from the $73K+ level to $71K. ETH is down from supra $2,300 to beneath $2,200.

Oil is up 7% and backmost to $97, and concerns are precocious again astir the interaction of a blockade similar this.

But it’s not conscionable warfare volatility impacting Bitcoin. New data from Glassnode shows that Bitcoin is facing $20M successful nett realization PER HOUR supra the $70K level, arsenic large holders go relentless sellers.

It looks similar the conflict to interruption done $80K whitethorn rage connected for awhile…

Key details:

• Vance led 21 hours of talks astatine the Serena Hotel earlier announcing nary deal; Iran’s refusal to perpetrate to abandoning atomic weapons was the azygous sticking point; Trump ordered a naval blockade of the Strait “effective immediately”

• BTC fell from $73K+ to ~$71K; lipid jumped 7% connected Hyperliquid with WTI concisely crossing $100

• Glassnode data shows $20M/hour successful nett realization supra $70k

Morgan Stanley’s Bitcoin ETF, MSBT, launched past week. And the concern elephantine is already mapping what comes next.

The firm's digital-asset strategy caput Amy Oldenburg told Decrypt the steadfast sees a tokenized money-market money arsenic “definitely a way forward,” pursuing BlackRock’s BUIDL ($2.3B) into yield-bearing tokens. Parametric, a Morgan Stanley subsidiary, would grip crypto tax-loss harvesting. Bitcoin output and lending services are being built in-house: “We can’t conscionable chiefly rent the technology,” Oldenburg said successful February.