Bitcoin holds near $63,800 as war-driven selloff hits everything but crypto

Markets Bitcoin holds near $63,800 as war-driven selloff hits everything but crypto Gold, oil, stocks and bonds all moved sharply on the fourth round of U.S. strikes on Iran, but bitcoin is little-changed. By Shaurya Malwa Jul 13, 2026, 4:48 a.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Summary Show Bitcoin and other major cryptocurrencies traded in a tight range even as gold, oil, equities and government bonds swung sharply following a fourth round of U.S. strikes on Iran. Oil and bond markets priced in fears that a wider conflict could keep crude prices elevated and force the Federal Reserve to hold interest rates higher for longer, pressuring gold and Treasuries. Bitcoin’s muted reaction 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. Bitcoin held near $63,800 on Monday while gold, oil, equities and government bonds all slumped on the U.S.'s fourth round of strikes on Iran in a week. The largest cryptocurrency was down 0.3% over 24 hours and up 2% on the week. The traditional-market reaction that was on hold over the weekend arrived at once. Spot gold slid as much as 1.6% to near $4,050 an ounce. Brent crude jumped 4% to above $79 a barrel as conflicting claims over the Strait of Hormuz fueled 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%. Central Command said U.S. forces struck Iran in response to an attack on a container ship. The status of the strait was left unclear, with the U.S. denying Iran's statement that the waterway would close "until further notice." Roughly a fifth of the world's seaborne oil normally passes through Hormuz. The moves priced a single fear, that a wider war keeps oil elevated and forces the Federal Reserve to hold rates higher for longer. Minutes of the Fed's June meeting show a few policymakers saw a case for raising rates before backing a hold. Gold fell because a higher-for-longer path lifts real yields and dulls the appeal of metal that pays nothing, and bonds fell for the same reason. But bitcoin sat all of it out. Ether was little changed at about $1,800, up 2% on the week, and the rest of the majors barely moved on the day, with Solana the weakest at $76, down 5% over seven days. XRP held $1.09 and dogecoin sat near $0.07. The one crypto-relevant thread runs through Korean stocks. SK Hynix shares plunged 12% in Seoul after the chipmaker's U.S.-listed shares surged 13% on their Friday debut, a reversal that helped drag the Kospi down 7%. That chip trade drove the rally that lifted bitcoin on Friday, and its sharp reversal on Monday still left crypto flat, in either direction. Bitcoin has now held a tight range through a weekend of strikes, a Monday selloff in every asset that usually reacts to war, and a hawkish repricing of the Fed. That is a marked change for a market that once sold off fast on a single Hormuz headline. It is no longer trading the war at all, taking its direction from dollar liquidity and the chip cycle while oil, gold and rates do the reacting. 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View Full Report More From Markets Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic Bitcoin is nearing a power law support line Fidelity has tracked since 2015 Bitcoin, ether little changed as U.S. launches fresh Iran strikes