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Bitcoin dips below $64K as oil prices surge and Iran tensions rise, while Strategy liquidates BTC holdings.

Market News
11 Aug 2026
Blockonomi
View Source
Bearish
Bitcoin dips below $64K as oil prices surge and Iran tensions rise, while Strategy liquidates BTC holdings.

Bitcoin fell to around $63,900 after crude oil prices jumped nearly 5% due to Iran rejecting direct U.S. talks and setting conditions for reopening the Strait of Hormuz. This geopolitical tension pushed investors toward safer assets like the U.S. dollar, pressuring cryptocurrencies and stocks. Strategy sold 1,690 BTC worth $108.6 million last week and also offloaded MSTR shares to boost cash reserves. Despite the dip, U.S. spot Bitcoin ETFs attracted $865 million in inflows, with market watchers awaiting upcoming U.S. inflation data for clues on Federal Reserve policy that could impact Bitcoin's near-term trend.

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Bitcoin traded near $81,500 on October 17 after a brief rebound toward $83,000 faded, reflecting a slight downturn in the crypto market which fell by 1% over 24 hours. Bitcoin's market cap stood at $1.63 trillion, making up less than 60% of the total...

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Bitcoin leads cryptocurrency inflows and outflows with Zcash and Sui also notable.

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Bitcoin saw the largest inflows and outflows among cryptocurrencies, attracting $27.32 million while also recording $18.63 million in withdrawals. Zcash ranked third in inflows with $11.19 million, behind Bitcoin and Ether. Other notable inflows incl...

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In a three-hour window ending at 2 a.m. ET on October 17, $138.5 million worth of cryptocurrency was transferred, led by a $69.9 million Bitcoin transfer to OKEX. An unknown wallet sent 856 BTC to OKEX, while significant transfers of Hyperliquid's HY...

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Bitcoin prices dip as trading volume drops nearly 30%, signaling cautious investor sentiment.

Bitcoin prices dip as trading volume drops nearly 30%, signaling cautious investor sentiment.

Bitcoin's price fell to $81,473.51, down 1.37%, accompanied by a 29.61% drop in trading volume, indicating reduced market activity and cautious investor behavior. Despite this, Bitcoin's market dominance slightly increased to 59.84%, and the Fear & G...

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