{"id":73928,"date":"2026-06-12T12:42:21","date_gmt":"2026-06-12T12:42:21","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-at-63400-as-iran-says-strait-of-hormuz-remains-closed-despite-trumps-great-deal-claim\/"},"modified":"2026-06-12T12:42:21","modified_gmt":"2026-06-12T12:42:21","slug":"bitcoin-at-63400-as-iran-says-strait-of-hormuz-remains-closed-despite-trumps-great-deal-claim","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-at-63400-as-iran-says-strait-of-hormuz-remains-closed-despite-trumps-great-deal-claim\/","title":{"rendered":"Bitcoin at $63,400 as Iran Says Strait of Hormuz Remains Closed Despite Trump&#8217;s &#8216;Great Deal&#8217; Claim"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Iran kept the Strait of Hormuz shut on June 11 even as Trump claimed a U.S.-Iran deal was reached.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The waterway carries about 20% of global energy; its closure has pushed oil and inflation higher.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin traded near $63,400 on June 11, recovering from a $60,914 low as de-escalation hopes rose.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">Conflicting Claims<\/span><\/h2>\n<p><span style=\"font-weight:400\">Trump said during a tele-rally that the U.S. had \u201cmade a great deal\u201d with Iran, but Tehran did not confirm any agreement. <\/span><span style=\"font-weight:400\">The mixed signals captured a tense, fast-moving standoff with public broadcaster NPR reporting that Trump <\/span><a href=\"https:\/\/www.npr.org\/2026\/06\/11\/nx-s1-5854970\/trump-iran-peace-deal-cancel-strikes\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">canceled planned strikes<\/span><\/a><span style=\"font-weight:400\"> on Iran while saying a deal would be \u201cfinalized\u201d soon. With one side declaring peace and the other insisting the blockade holds, markets are left to price a conflict whose status changes by the hour.<\/span><\/p>\n<figure id=\"attachment_822277\" aria-describedby=\"caption-attachment-822277\" style=\"width:736px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-822277\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">The Strait of Hormuz is a chokepoint for about 20% of the world\u2019s energy supply, making it one of the most economically sensitive waterways on the planet. Iran\u2019s military command declared an <\/span><span style=\"font-weight:400\">indefinite closure<\/span><span style=\"font-weight:400\"> on June 10 after U.S. airstrikes, threatening to fire on any vessel that tried to pass.<\/span><\/p>\n<p><span style=\"font-weight:400\">Traffic has been at a <\/span><a href=\"https:\/\/www.nbcnews.com\/data-graphics\/strait-of-hormuz-ports-traffic-trump-us-iran-war-rcna331507\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">near-standstill<\/span><\/a><span style=\"font-weight:400\"> for weeks, with the disruption sending oil and gasoline prices higher and helping push U.S. <span>inflation<\/span> to a <\/span><span style=\"font-weight:400\">multi-year high<\/span><span style=\"font-weight:400\">, tightening financial conditions for risk assets, <span>crypto<\/span> included.<\/span><\/p>\n<h2><span style=\"font-weight:400\"> <span>Bitcoin<\/span>\u2019s Wild Round Trip<\/span><\/h2>\n<p><span style=\"font-weight:400\"> <span>Crypto<\/span> markets have whipsawed with each headline and <span>Bitcoin.com<\/span> News reported that Trump\u2019s recent warning about the U.S. \u201c<\/span><a href=\"https:\/\/news.bitcoin.com\/we-will-be-taking-kharg-island-trump-warning-puts-oil-stocks-and-bitcoin-on-alert\/\"><span style=\"font-weight:400\">taking Kharg Island<\/span><\/a><span style=\"font-weight:400\">\u201d put oil, stocks and <span>bitcoin<\/span> on high alert. <span>BTC<\/span>, for instance,<\/span><span style=\"font-weight:400\"> slid to a session low of $60,914 before <\/span><span style=\"font-weight:400\">rebounding about 2.3%<\/span><span style=\"font-weight:400\"> on June 11 to trade near $63,000, as traders weighed the prospect of a settlement against the reality of a still-shuttered strait. The token remains down roughly 30% in 2026, leaving it sensitive to macro shocks that drain <span>liquidity<\/span> from speculative markets.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-822278\" title=\"Bitcoin at $63,400 as Iran Says Strait of Hormuz Remains Closed Despite Trump's 'Great Deal' Claim\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-at-63000-as-iran-says-strait-of-hormuz-remains-closed-despite-trumps-great-deal-claim2_nwmk.jpg\" alt=\"Bitcoin at $63,400 as Iran Says Strait of Hormuz Remains Closed Despite Trump's 'Great Deal' Claim\" width=\"890\" height=\"567\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-at-63000-as-iran-says-strait-of-hormuz-remains-closed-despite-trumps-great-deal-claim2_nwmk-300x191.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-at-63000-as-iran-says-strait-of-hormuz-remains-closed-despite-trumps-great-deal-claim2_nwmk-768x489.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-at-63000-as-iran-says-strait-of-hormuz-remains-closed-despite-trumps-great-deal-claim2_nwmk.jpg 890w\" sizes=\"auto, (max-width: 890px) 100vw, 890px\"\/><\/p>\n<p><span style=\"font-weight:400\">For <span>crypto<\/span>, the conflict is not only a price story because an earlier <a href=\"https:\/\/www.bitcoin.com\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin.com<\/a> News investigation detailed how sanctioned trade around the strait has leaned on <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a>, a reminder that geopolitical chokepoints increasingly intersect with onchain flows.<\/span><\/p>\n<p><span style=\"font-weight:400\">A signed, confirmed settlement could reopen the Strait of Hormuz and strip out the war-risk premium weighing on oil and equities, a backdrop that has historically helped <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> recover once uncertainty clears. But absent confirmation from Tehran, the market stays hostage to competing claims. Until shipping traffic visibly resumes, traders are likely to treat every Trump post and Iranian statement as a fresh catalyst (and <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>\u2019s price as a real-time gauge of who is winning the narrative).<\/span><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-at-63400-as-iran-says-strait-of-hormuz-remains-closed-despite-trumps-great-deal-claim\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Iran kept the Strait of Hormuz shut on June 11 even as Trump claimed a U.S.-Iran deal was reached. The waterway carries about 20% of global energy; its closure has pushed oil and inflation higher. Bitcoin traded near $63,400 on June 11, recovering from a $60,914 [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":73929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73928"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73928"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73929"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}