{"id":75328,"date":"2026-07-13T06:58:39","date_gmt":"2026-07-13T06:58:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-holds-drops-below-63k-as-trump-resumes-iran-strikes-while-oil-jumps-4-5\/"},"modified":"2026-07-13T06:58:39","modified_gmt":"2026-07-13T06:58:39","slug":"bitcoin-holds-drops-below-63k-as-trump-resumes-iran-strikes-while-oil-jumps-4-5","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-holds-drops-below-63k-as-trump-resumes-iran-strikes-while-oil-jumps-4-5\/","title":{"rendered":"Bitcoin Holds Drops Below 63$K as Trump Resumes Iran Strikes While Oil Jumps 4.5%"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\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\">Bitcoin held near $63,000 while Brent crude jumped 4.5% at the open after new US strikes on Iran.<\/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\">Tehran declared the Strait of Hormuz closed \u201cuntil further notice,\u201d leaving tanker traffic well below normal.<\/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\">June CPI lands July 14, testing how the oil shock feeds inflation ahead of the Fed\u2019s next rate decision.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Strikes Resume as the Ceasefire Collapses<\/h2>\n<p>U.S. Central Command said its forces began launching more strikes against Iran over the weekend, the third round in a week, in a campaign officials said targets Iran\u2019s ability to attack commercial vessels. The escalation followed Iranian forces hitting a Cyprus-flagged container ship, and Iranian state media reported explosions along the country\u2019s southern coast, including the energy hubs of Bushehr and Asalouyeh and the port cities of Bandar Abbas and Bandar-e Dayyer.<\/p>\n<p>Tehran responded by declaring the Strait of Hormuz, the chokepoint for roughly a fifth of the world\u2019s oil, closed \u201cuntil further notice.\u201d Vessel-tracking data showed traffic through the strait well below normal, though some movement continued during Asian trading hours.<\/p>\n<p>Oil markets moved first, with Brent crude surging 4.5% as futures reopened Sunday evening. The reaction has precedent, i.e. when Iran first closed the strait in early March, Brent jumped past $100 a barrel for the first time in four years and later peaked near $120.<\/p>\n<figure id=\"attachment_830605\" aria-describedby=\"caption-attachment-830605\" style=\"width:1179px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-830605\" class=\"wp-caption-text\">Crude price movement over the past 24 hours.<\/figcaption><\/figure>\n<p>With stock, bond, and commodity markets shut for much of the weekend, <span>bitcoin<\/span> was one of the few assets pricing the escalation in real time. Similarly, ether hovered near $1,800, also up 1.7% over seven days, while <span>XRP<\/span> changed hands at $1.09 and <span>solana<\/span> lagged at $76, down 5% for the week.<\/p>\n<p>The somewhat tame reaction was in stark contrast with earlier rounds of the conflict, given <span>bitcoin<\/span> <a href=\"https:\/\/news.bitcoin.com\/bitcoin-falls-to-62000-as-trumps-iran-ceasefire-comments-rattle-markets\/\">tumbled below $62,000<\/a> last week when the U.S.-Iran ceasefire first showed signs of unraveling, and an earlier bout of Middle East escalation liquidated <a href=\"https:\/\/news.bitcoin.com\/crypto-bulls-lose-310m-as-bitcoin-falls-to-61481-on-middle-east-escalation\/\">$310 million<\/a> in <span>bullish<\/span> <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> positions. The 60-day ceasefire framework agreed in mid-June now appears effectively dead.<\/p>\n<h2>Inflation Data Looms Over the Oil Shock<\/h2>\n<p>The timing of the oil spike is awkward for the Federal Reserve, especially since the Bureau of Labor Statistics is set to <a href=\"https:\/\/www.bls.gov\/schedule\/news_release\/cpi.htm\" target=\"_blank\" rel=\"noopener noreferrer\">release the June<\/a> consumer price index (CPI) on Tuesday at 8:30 a.m. Eastern time, followed by producer price index (PPI) data on Wednesday.<\/p>\n<p>Fed Chair Kevin Warsh <a href=\"https:\/\/www.cnbc.com\/2026\/07\/01\/kevin-warsh-ecb-forum-live-updates.html\" target=\"_blank\" rel=\"noopener noreferrer\">described inflation<\/a> as still \u201ctoo high\u201d earlier this month, and a sustained rise in energy prices would complicate the case for rate cuts, spelling a potential headwind for risk assets, <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> included.<\/p>\n<p>The next signals to watch are whether tanker traffic through Hormuz resumes, how crude trades once global markets fully reopen, and whether Tuesday\u2019s CPI print shows the <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-inflation\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">inflation<\/a> pressure that would keep the Fed on hold. <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a>\u2019s ability to hold the $63,000 area through all three would strengthen the case that the market has learned to live with the conflict.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-holds-64k-us-iran-strikes-oil-jumps\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin held near $63,000 while Brent crude jumped 4.5% at the open after new US strikes on Iran. Tehran declared the Strait of Hormuz closed \u201cuntil further notice,\u201d leaving tanker traffic well below normal. June CPI lands July 14, testing how the oil shock feeds inflation [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":75329,"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\/75328"}],"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=75328"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75329"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}