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Bitcoin holds near $63,800 as U.S. strikes and Hormuz closure unfold

Bitcoin was down 0.3% over 24 hours, while ether held around $1,800 and major alts saw only fractional daily moves as trading in oil, stocks, and bonds was shut for the weekend.

Reported · Written up by our desk · Market Structure

CoinDesk reports bitcoin traded around $63,800 with only slight daily moves after the United States launched a third round of strikes on Iran this week and Tehran declared the Strait of Hormuz closed until further notice.

According to CoinDesk, the largest cryptocurrency was down 0.3% over 24 hours and up 2% on the week, while ether was also relatively stable near $1,800, up 2% on the week.

Other major tokens posted smaller changes, with XRP around $1.09 and dogecoin near $0.07, while Solana underperformed at about $76, down 5% over seven days.

CoinDesk notes the muted reaction may reflect weekend market closures, with oil, equities, and bonds shut for the weekend, leaving bitcoin one of the few assets pricing the escalation in real time until trading resumes Monday.

Latest closeBitcoin $63,750.94 ▼0.1%|Solana $76.19 ▼0.8%|XRP $1.090 ▼0.7%

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