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Crypto Markets Prove Resilient as Iran Closes Strait of Hormuz Again

Crypto Markets Prove Resilient as Iran Closes Strait of Hormuz Again

In Brief

  • Bitcoin held near $63,914, down just 0.33%, despite fresh strikes.
  • Iran fired on a commercial vessel and declared the strait closed.
  • CENTCOM struck more than 300 Iranian targets across three nights.

Crypto markets held firm on Sunday, with Bitcoin (BTC) near $64,000, as digital assets absorbed fresh US strikes on Iran and the closure of the Strait of Hormuz once more.

The muted move breaks from earlier in the war. Bitcoin fell about 2% and slid toward $61,000 after June’s escalation, a far steeper reaction than today’s 0.33% dip.

US Launches Third Round of Strikes on Iran

Iran declared the Strait of Hormuz closed and fired on a commercial vessel. The move defied a US demand to guarantee passage through the waterway.

In…

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