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Bitcoin rises above $64,600 amid US-Iran tensions and oil prices over $91 per barrel

Market News
18 Aug 2026
Crypto news
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Neutral
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Bitcoin climbed above $64,600 following US President Trump's statement that Washington is not engaging in talks with Iran, despite conflicting claims over the Strait of Hormuz. The strait remains a key route for global oil, keeping prices above $91 per barrel amid ongoing geopolitical tensions. Strategy, a major Bitcoin holder, paused its sales after two weeks, stabilizing market sentiment. The situation impacts inflation and energy costs, influencing Federal Reserve decisions and investor behavior in crypto and stocks.

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