Crypto prices moved lower as renewed tensions around the Strait of Hormuz pushed investors away from risk assets. Bitcoin fell from $78,000 to $75,425, Ethereum dropped to $2,300, and XRP traded at $1.41. The report tied the retreat to Iran reimposing Hormuz shipping controls, a move that lifted oil prices and dragged broader risk markets down.
Nomura study points to continued institutional demand
Price weakness has not erased institutional interest. According to CoinDesk, research from Nomura and Laser Digital found that 65% of institutional investors now view crypto as a key diversification tool in portfolios. The article also pointed to ETF demand as an important support. In an earlier week, crypto ETFs pulled in $996 million, with BlackRock’s IBIT taking $284 million of that total.
Bitcoin, Ethereum, and XRP hold defined trading levels
The report placed Bitcoin support at $70,000 with resistance near $78,000. For Ethereum, it said stablecoin supply on the network reached a record $180 billion, while price support stood at $2,100 and resistance at $2,500. XRP was described as relatively steady during the broader pullback, with support at $1.35 and resistance around $1.51.
XRP gets a larger retail channel as ETF flows improve
The article said Rakuten Wallet opened spot XRP trading to 44 million users in Japan on April 15. It also said spot XRP ETFs attracted $55.2 million in one week, their strongest weekly showing since January. That flow data suggests XRP held up better than Bitcoin and Ethereum during the latest bout of market pressure.
Pepeto section is heavily promotional
Beyond the major tokens, the source devoted substantial space to Pepeto. It said the presale had raised $9.29 million, listed a token price of $0.0000001865, and promoted 181% APY staking, a cross-chain bridge, zero-fee swaps, and a SolidProof contract verification. The project was described as operating across Ethereum, BNB Chain, and Solana. That section, however, reads primarily as promotional copy and relies on project claims rather than independently verified reporting.