Quick Overview BTC price hovers around $63,800 with minimal 0.3% decline in 24 hours despite renewed U.S. military action against Iran United States conducted third consecutive strike operati
Bitcoin maintains stability around the $63,800 mark while Middle Eastern geopolitical pressures intensify. The United States executed its third consecutive airstrike campaign against Iranian positions this week, prompting Tehran to announce the closure of the Strait of Hormuz for an indefinite period.
Bitcoin (BTC) PriceYet BTC demonstrated remarkable resilience, declining a mere 0.3% across the 24-hour timeframe. Weekly performance showed a 2% gain.
According to U.S. Central Command, President Trump authorized the military operations following an Iranian assault on a container vessel sailing under the Cyprus flag. Reports confirmed explosions across Iran’s southern coastal region, affecting critical energy infrastructure at Bushehr and Asalouyeh, along with major port facilities in Bandar Abbas and Bandar-e Dayyer.
UPDATE: US SAYS "IRAN MADE A POOR CHOICE. NOW THEY PAY"
Defense Secretary Pete Hegseth posted on X after US forces struck roughly 140 Iranian military sites in response to the Hormuz ship attack that set a commercial vessel ablaze.
Iran retaliated with missiles and drones… https://t.co/R5ryEmDzS7
— Coin Bureau (@coinbureau) July 12, 2026
Maritime tracking systems indicated limited vessel activity near the Strait of Hormuz Sunday morning, though traffic volumes remained significantly below typical patterns.
Ethereum displayed similar composure, trading approximately $1,800 with a weekly gain of 2%. Solana emerged as the week’s underperformer among major assets, declining 5% over seven days to reach $76. XRP retreated to $1.09 while Dogecoin settled around the $0.07 level.
During Iran’s initial Strait closure in early March, Brent crude oil surged beyond $100 per barrel while Bitcoin experienced substantial selling pressure. Current market response appears considerably more subdued. With traditional markets including oil futures, equities, and fixed income instruments closed for weekend trading, Bitcoin stands alone as the primary liquid market absorbing the geopolitical developments.
United States spot Bitcoin exchange-traded funds accumulated roughly $197.4 million in net capital inflows throughout the previous week—marking their first positive weekly performance since early May. This development terminated an eight-consecutive-week outflow period, representing the longest withdrawal streak since these investment vehicles debuted in January 2024.
Bitcoin ETFs just bought $197 million worth of BTC this week. This marks the first green week after 2 months of relentless selling. pic.twitter.com/SzCa1sgV5e
— Ash Crypto (@AshCrypto) July 12, 2026
The prolonged eight-week exodus extracted approximately $8.26 billion from Bitcoin ETF holdings. Last week’s capital influx recovered merely 2.4% of those losses.
BlackRock’s iShares Bitcoin Trust (IBIT) dominated inflow activity, attracting $86.83 million during Friday’s trading session exclusively. The majority of competing funds registered neutral net flows for that day.
Ethereum spot ETFs simultaneously broke their parallel eight-week decline, capturing $84.4 million for the week. BlackRock’s ETHA product and Fidelity’s FETH fund accounted for the bulk of Friday’s $18.43 million session aggregate.
Cryptocurrency market analyst Michaël van de Poppe highlighted a bullish divergence pattern on Bitcoin charts as among the most compelling indicators suggesting an imminent trend reversal. He emphasized that a decisive breach above $65,000 would validate this technical formation, effectively converting that resistance threshold into foundational support. Van de Poppe established an initial price objective at $73,000 while projecting his personal expectation for advancement toward $83,000 or beyond throughout the upcoming period.
The bullish divergence on #Bitcoin is one of the strongest signals that the markets are about to reverse.
The reason that we're not seeing much more momentum is the fact that Bitcoin hasn't been breaking into its range.
Breaking $65,000 for #Bitcoin would seal the deal.
If… pic.twitter.com/u8OJuWu1UA
— Michaël van de Poppe (@CryptoMichNL) July 11, 2026
Bitcoin ETF aggregate net assets totaled $77.42 billion as of Friday’s close. Both Bitcoin and Ethereum ETF categories maintain negative year-to-date performance for 2026, with Bitcoin products registering approximately $5.34 billion in cumulative net outflows since January.
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