$Bitcoin fell below $64,000 after briefly rising above $65,000, pressured by renewed US-Iran tensions. Iran threatened to keep the Strait of Hormuz closed until 2029 unless the US lifts its naval blockade, escalating geopolitical risks. This uncertainty pushed Bitcoin down about 1.78% in 24 hours and weakened the broader crypto market, with over $50 million in long positions liquidated. Meanwhile, oil prices rose due to the strategic importance of the Strait, and investors await upcoming US inflation data that could further impact markets.