Bitcoin Remains Steady Near $63,800 Amid Broader Market Selloff

Bitcoin has maintained its position near $63,800, even as gold, oil, stocks, and bonds experienced significant declines following the U.S.'s fourth round of strikes on Iran.

Market Reactions to U.S. Strikes on Iran

By Shaurya Malwa Jul 13, 2026, 4:48 a.m. 2 min read

• Despite turbulence in gold, oil, equities, and government bonds, Bitcoin and other leading cryptocurrencies have traded within a narrow range.
• Market fears regarding potential escalation in conflict have influenced oil and bond prices, with expectations that crude prices could remain high and compel the Federal Reserve to maintain elevated interest rates, negatively impacting gold and Treasuries.
• Bitcoin's relatively stable performance indicates a change from previous instances of geopolitical unrest, as it now appears to correlate more with dollar liquidity and the semiconductor market rather than conflict news.

On Monday, Bitcoin hovered around $63,800, reflecting a minor 0.3% decline over the past 24 hours but a 2% increase for the week. This stability occurred while traditional markets reacted sharply to the recent military actions.

Gold prices fell by as much as 1.6%, nearing $4,050 per ounce, while Brent crude surged by 4% to surpass $79 per barrel amid increasing concerns regarding supply disruptions linked to the Strait of Hormuz.

Government bonds saw yields rise, with the two-year yield reaching its highest point since February 2025, and the MSCI Asia Pacific index dropped by 1.6%.

The U.S. Central Command reported that strikes were conducted in retaliation for an attack on a container ship. The situation in the Strait of Hormuz remains uncertain, as the U.S. dismissed Iran's claim that the waterway would be closed "until further notice," which is critical since about 20% of global seaborne oil passes through this channel.

These market movements reflect a singular concern that an extensive conflict could keep oil prices high and force the Federal Reserve to sustain higher interest rates for an extended period. Minutes from the Fed's June meeting indicated that some officials contemplated raising rates before ultimately deciding against it. Gold prices fell as a result of higher real yields, which diminish the attractiveness of non-yielding assets, while bonds experienced a similar fate.

In contrast, Bitcoin remained unaffected. Ether was stable around $1,800, also up 2% for the week, while other major cryptocurrencies exhibited minimal changes, with Solana experiencing the largest drop at $76, down 5% weekly. XRP was stable at $1.09, and dogecoin was around $0.07.

A notable development in the crypto space involved Korean stocks, where shares of SK Hynix plummeted by 12% after the chipmaker's U.S.-listed shares had surged by 13% on their debut, contributing to a 7% decline in the Kospi index. This chip market fluctuation had previously boosted Bitcoin's value on Friday, but its sharp reversal on Monday left the crypto market largely unchanged.

Bitcoin's ability to remain stable through a weekend of military strikes, a Monday downturn affecting traditional assets, and a reassessment of Fed policies represents a significant departure from the typical market behavior that previously responded quickly to news from the region. Presently, it seems to be driven more by liquidity factors and the semiconductor cycle, rather than geopolitical tensions.