Bitcoin Holds Near $63,800 as U.S. Hits Iran and Tehran Closes Hormuz
Updated
Updated · CoinDesk · Jul 12
Bitcoin Holds Near $63,800 as U.S. Hits Iran and Tehran Closes Hormuz
3 articles · Updated · CoinDesk · Jul 12
Summary
Bitcoin traded around $63,800 after a third U.S. strike on Iran this week and Tehran's declaration that the Strait of Hormuz was closed until further notice.
A 0.3% 24-hour dip underscored the muted reaction across crypto—ether held near $1,800, XRP near $1.09 and dogecoin around $0.07—as weekend closures left bitcoin one of the few assets still pricing the escalation.
U.S. Central Command said the strikes targeted Iran's capacity to attack commercial shipping after Iranian forces hit a Cyprus-flagged container ship; Iranian media reported blasts near Bushehr, Asalouyeh and Bandar Abbas.
About 20% of global seaborne oil passes through Hormuz, and vessel-tracking data showed traffic still well below normal, leaving Monday's crude reopen as the key test for whether markets treat the closure as a real supply threat.