Bitcoin and Ether Prices Hold Steady Amid U.S. Airstrikes on Iran

Bitcoin traded near $63,800 on July 12, 2026, with a 0.3% decline over the previous 24 hours and a 2% gain for the week, while ether held around $1,800, up 2% week‑to‑date. Other major cryptocurrencies, including XRP, dogecoin and solana, also posted only modest changes.

U.S. Central Command said the strikes were ordered by President Trump after Iranian forces attacked a Cyprus‑flagged container ship. Tehran announced that the Strait of Hormuz was closed "until further notice." Markets for oil, equities and bonds were closed for the weekend, leaving bitcoin as one of the few assets pricing the escalation in real time. Brent crude had already incorporated a risk premium as tanker traffic through the strait remained below normal, and previous closures in March had driven Brent above $100 per barrel.

Vessel‑tracking data indicated limited traffic around the strait during Asian morning hours on Sunday, though movement stayed well below typical levels. Solana fell 5% over the past seven days to $76, XRP slipped to $1.09 and dogecoin eased to about $0.07, with daily changes under one percent. The muted price reaction contrasted with earlier periods when Iran’s actions had prompted sharper sell‑offs in crypto and spikes in oil prices.

The fuller cross‑asset reaction, particularly in crude oil, is expected when markets reopen on Monday; if oil prices rise while bitcoin remains steady, the market may interpret the Strait closure as a genuine threat.