Bitcoin holds near $63,800 as war-driven selloff hits everything but crypto
Gold, oil, stocks and bonds all moved sharply on the fourth round of U.S. strikes on Iran, but bitcoin is little-changed.
bitcoin held near $63,800 on Monday while gold, oil, equities and government bonds all slumped on U.S.'s fourth round of strikes on Iran in a week. The largest cryptocurrency was down 0.3% over 24 hours and up 2% on the week.
The traditional-market reaction that was on hold over yweekend arrived at once. Spot gold slid as much as 1.6% to near $4,050 an ounce. Brent crude jumped 4% to above $79 a barrel as conflicting claims over the Strait of Hormuz fueled worries about .
supply
Treasuries fell across curve, with the two-year yield climbing to its highest since February 2025, and MSCI's Asia Pacific equities gauge dropped 1.6%.
Central Command said U.S. forces struck Iran in response to an attack on a container ship. The status of the strait was left unclear, with the U.S. denying Iran's statement that waterway would close "until further notice." Roughly a fifth of the world's seaborne oil normally passes through Hormuz
Moves priced a single fear, that a wider war keeps oil elevated and forces Federal Reserve to hold rates higher for longer. Minutes of the Fed's June meeting show a few policymakers saw a case for raising rates before backing a hold. Gold fell because a higher-for-longer path lifts real yields and dulls appeal of metal that pays nothing, and bonds fell for same reason.
But bitcoin sat all of it out. Ether was little changed at about $1,800, up 2% on the week, and the rest of majors barely moved on the day, with Solana weakest at $76, down 5% over seven days. XRP held $1.09 and dogecoin sat near $0.07.
one crypto-relevant thread runs through Korean stocks. SK Hynix shares plunged 12% in Seoul after chipmaker's U.S.-listed shares surged 13% on their Friday debut, a reversal that helped drag the Kospi down 7%. That chip trade drove rally that lifted bitcoin on Friday, and its sharp reversal on Monday still left crypto flat, in either direction.
Gold, oil, stocks and bonds all moved sharply on the fourth round of U.S. strikes on Iran, but bitcoin is little-changed.
bitcoin held near $63,800 on Monday while gold, oil, equities and government bonds all slumped on U.S.'s fourth round of strikes on Iran in a week. The largest cryptocurrency was down 0.3% over 24 hours and up 2% on the week.
The traditional-market reaction that was on hold over yweekend arrived at once. Spot gold slid as much as 1.6% to near $4,050 an ounce. Brent crude jumped 4% to above $79 a barrel as conflicting claims over the Strait of Hormuz fueled worries about .
supply
Treasuries fell across curve, with the two-year yield climbing to its highest since February 2025, and MSCI's Asia Pacific equities gauge dropped 1.6%.
Central Command said U.S. forces struck Iran in response to an attack on a container ship. The status of the strait was left unclear, with the U.S. denying Iran's statement that waterway would close "until further notice." Roughly a fifth of the world's seaborne oil normally passes through Hormuz
Moves priced a single fear, that a wider war keeps oil elevated and forces Federal Reserve to hold rates higher for longer. Minutes of the Fed's June meeting show a few policymakers saw a case for raising rates before backing a hold. Gold fell because a higher-for-longer path lifts real yields and dulls appeal of metal that pays nothing, and bonds fell for same reason.
But bitcoin sat all of it out. Ether was little changed at about $1,800, up 2% on the week, and the rest of majors barely moved on the day, with Solana weakest at $76, down 5% over seven days. XRP held $1.09 and dogecoin sat near $0.07.
one crypto-relevant thread runs through Korean stocks. SK Hynix shares plunged 12% in Seoul after chipmaker's U.S.-listed shares surged 13% on their Friday debut, a reversal that helped drag the Kospi down 7%. That chip trade drove rally that lifted bitcoin on Friday, and its sharp reversal on Monday still left crypto flat, in either direction.