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Bitcoin dips 1.4% after US strikes Iran; oil jumps 5% amid Strait of Hormuz tensions

Market News
08 Jul 2026
Blockonomi
View Source
Bearish
pluang ai news

Bitcoin fell 1.4% to about $63,305 following US military strikes on Iranian targets after attacks on oil tankers near the Strait of Hormuz. The conflict raised regional risks, pushing crude oil prices up over 5%. Bitcoin's drop also reflected broader US tech sector losses, with Micron down 9%. Despite the dip, institutional interest in Bitcoin ETFs remains strong, with $265.7 million inflows. Analysts warn that if Bitcoin falls below $62,500, it could slide to $60,000. Market eyes upcoming Federal Reserve minutes for further direction.

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Sanoma to release its Half-Year Report 2026 on July 29 with a live webcast and investor conference.

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