Bitcoin holds near $63,800 as war-driven selloff hits everything but crypto
CoinDesk 2026-07-13 04:48:11
Context: Bitcoin and other major cryptocurrencies traded in a tight range on Monday, July 13, 2026, even as gold, oil, equities, and government bonds swung sharply following a fourth round of U.S. strikes on Iran. The muted reaction from bitcoin marks a shift from past episodes of Middle East tension, with the token now moving more in line with dollar liquidity and the chip-driven equity cycle than with war headlines. This unusual stability in the cryptocurrency market contrasts with the significant movements in traditional markets.
Key Facts
- Bitcoin held near $63,800 on Monday, down 0.3% over 24 hours and up 2% on the week, as the U.S. launched a fourth round of strikes on Iran.
- Spot gold slid as much as 1.6% to near $4,050 an ounce, while Brent crude jumped 4% to above $79 a barrel, fueled by conflicting claims over the Strait of Hormuz and worries about supply.
- Treasuries fell across the curve, with the two-year yield climbing to its highest since February 2025, and MSCI's Asia Pacific equities gauge dropped 1.6% as investors priced in fears of a wider conflict.
- The U.S. strikes on Iran were in response to an attack on a container ship, with Central Command stating that the status of the Strait of Hormuz, a critical waterway for oil supply, was left unclear.
- Ether was little changed at about $1,800, up 2% on the week, while other major cryptocurrencies, including Solana, XRP, and dogecoin, also showed minimal movement, with Solana being the weakest at $76, down 5% over seven days.