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Bitcoin holds steady near $63,800 despite new U.S. strikes on Iran and Strait of Hormuz closure

Market News
12 Jul 2026
Coindesk
View Source
Neutral
pluang ai news

Bitcoin remained around $63,800 with minimal daily changes after the U.S. launched its third airstrike on Iran this week and Iran declared the Strait of Hormuz closed. Other major cryptocurrencies like ether, XRP, and dogecoin also showed little movement. Markets for oil, stocks, and bonds were closed for the weekend, leaving bitcoin as one of the few assets reacting in real time to the Middle East tensions. A fuller market response, especially in oil prices, is expected when trading resumes on Monday, as the Strait of Hormuz is a critical chokepoint for global oil shipments.

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