Bitcoin under $64,000 after new U.S. strike on Iran. Trump's China comment adds to uncertainty
CoinDesk 2026-07-17 04:10:09
Context: Bitcoin's price fell below $64,000 after fresh U.S. airstrikes on Iran raised geopolitical uncertainty, while President Donald Trump's allegations of Chinese interference in the 2020 U.S. election added to risk sentiment, causing Asian stocks to register losses. The Australian dollar, a risk proxy, weakened following Trump's comments. This development has impacted the cryptocurrency market, with Bitcoin slipping to $63,600 and extending its nearly 1.4% slide from $65,000.
Key Facts
- Bitcoin's price dropped to $63,600, extending Thursday's nearly 1.4% slide from $65,000, according to CoinDesk data, and traded just below its 50-day simple moving average.
- Japan's Nikkei fell by nearly 3% to its lowest in over a month, while Australia's ASX 200 slipped by 0.5% and futures tied to Nasdaq dropped by 0.8%.
- U.S. airstrikes hit five bridges in Iran's southern Hormozgan province and a missile strike hit Iran's Chabahar maritime control tower, as reported by Iran's semi-official Fars news agency.
- President Donald Trump alleged that China tampered with the 2020 U.S. election, claiming Beijing obtained 220 million U.S. voter records, which China's embassy has flatly denied.
- The Australian dollar, a commodity-sensitive currency and G7 proxy for China, fell against the U.S. dollar on fears of renewed U.S.-China tensions, with traders on edge ahead of Trump's September meeting with Xi.