Crypto trading surged on Japan's Bitflyer as the Nikkei slid due to a surge in oil prices. The Tokyo-based exchange posted a 200% increase in 24 hour trading volume compared to 112% on Coinbase, and 75% on Binance. This surge coincided with a sharp selloff in regional equities, with Japan's NikkeI sliding alongside declines in Korea and Taiwan due to oil prices, as Asian nations are heavily dependent on oil flowing through the Strait of Hormuz. Price action across regional crypto markets reflected a similar pattern, with bitcoin rising about 2.05% against the Japanese yen during Asia trading hours, compared to roughly 1.86% gains against the U.S. dollar and about 1.64% against Korea's won.