Bitcoin Barely Flinched as the U.S. Struck Iran for a Third Time

By Isaac • July 12, 2026 12:42 pm •

Bitcoin absorbed another sharp geopolitical headline with barely a twitch.

The largest cryptocurrency held near $63,800 after the United States launched its third round of strikes on Iran in a week. Bitcoin was down about 0.3% over 24 hours and still up roughly 2% for the week at the time of the first market read.

Iran declared the Strait of Hormuz closed until further notice. President Trump ordered the strikes after Iranian forces attacked a commercial vessel in the waterway.

Those facts would normally be enough to shake every market tied to oil, inflation, and risk appetite.

Crypto stayed calm. The important catch is that the rest of the financial system was mostly closed for the