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Bitcoin rises above $63,300 as reports claim UAE released billions in frozen Iranian assets.

Market News
13 Aug 2026
Coinpaper
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Bullish
Bitcoin rises above $63,300 as reports claim UAE released billions in frozen Iranian assets.

Bitcoin price climbed above $63,300 following reports that the UAE released billions of dollars in frozen Iranian assets, including about 1.5 tonnes of gold. These transfers, though unconfirmed by UAE or US officials, are linked to a possible deal where Iran would spare the UAE from future attacks. Meanwhile, oil prices fell toward $81 per barrel amid talks to reopen the Strait of Hormuz, easing inflation concerns and supporting Bitcoin's rebound after a recent slide. Bitcoin now faces resistance near $64,500 and support around $62,300, with cautious institutional demand reflected in recent ETF outflows.

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