Bitcoin holds steady as US and Iran exchange strikes for a 10th night

Bitcoin holds steady as US and Iran exchange strikes for a 10th night

Crypto markets remained largely resilient, with Bitcoin changing hands at about $66,500 at the time of writing.

The US has completed a 10th straight night of strikes on Iran, widening the conflict after Washington resumed military operations earlier this month following the collapse of a June memorandum intended to end hostilities.

According to US Central Command, American forces struck military command centers, missile launch sites, drone facilities, maritime assets and air defense systems during a five-hour operation.

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Iran retaliated by launching attacks on US military installations across Bahrain, Kuwait and Jordan, with the IRGC claiming to have hit radar systems, Patriot missile defenses and other military infrastructure.

Tehran also said it would keep the Strait of Hormuz closed while US attacks continue, warning that exports through the key shipping route would remain suspended. Iranian media additionally reported attacks on two vessels near the strait.

The escalating conflict has fueled political opposition in Washington, where Senate Democrats are seeking another vote to halt military operations.

Despite heightened geopolitical tensions, oil prices eased modestly as hopes for renewed diplomatic talks offset concerns over disruptions to energy shipments. Brent crude traded below $89 per barrel.

In contrast, Bitcoin barely moved amid the latest escalation. The world’s largest crypto asset traded at approximately $66,500 at press time, up about 3% over the last 24 hours.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Bitcoin holds steady as US and Iran exchange strikes for a 10th night

Bitcoin holds steady as US and Iran exchange strikes for a 10th night

Crypto markets remained largely resilient, with Bitcoin changing hands at about $66,500 at the time of writing.

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The US has completed a 10th straight night of strikes on Iran, widening the conflict after Washington resumed military operations earlier this month following the collapse of a June memorandum intended to end hostilities.

According to US Central Command, American forces struck military command centers, missile launch sites, drone facilities, maritime assets and air defense systems during a five-hour operation.

Advertisement

Iran retaliated by launching attacks on US military installations across Bahrain, Kuwait and Jordan, with the IRGC claiming to have hit radar systems, Patriot missile defenses and other military infrastructure.

Tehran also said it would keep the Strait of Hormuz closed while US attacks continue, warning that exports through the key shipping route would remain suspended. Iranian media additionally reported attacks on two vessels near the strait.

The escalating conflict has fueled political opposition in Washington, where Senate Democrats are seeking another vote to halt military operations.

Despite heightened geopolitical tensions, oil prices eased modestly as hopes for renewed diplomatic talks offset concerns over disruptions to energy shipments. Brent crude traded below $89 per barrel.

In contrast, Bitcoin barely moved amid the latest escalation. The world’s largest crypto asset traded at approximately $66,500 at press time, up about 3% over the last 24 hours.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.