Bitcoin holds little changed near $63,800 despite third round of US strikes on Iran

Bitcoin was little changed in trading on Sunday, 12 July 2026, holding near $63,800 despite the start of a third round of US military strikes on Iran and the IRGC's declaration that the Strait of Hormuz was closed. It was down about 0.3% over 24 hours and up about 2% on the week. Ether traded near $1,794, up about 2.9%, and XRP near $1.10, up about 1%.

With oil, stock and bond markets shut for the weekend, crypto was one of the few markets pricing the escalation in real time. Analysts say investors no longer treat West Asia risk as a crypto-specific event but as a rates event: the main worry is that a jump in oil prices reignites inflation and keeps interest rates elevated. Tether's price inside Iran typically follows these global crypto levels.