Bitcoin fell today, falling below the psychological level of $63,000 after rising above $64,000 yesterday. The drop below $63,000 today follows attacks on oil tankers in the Strait of Hormuz, a development that further escalates tensions between the US and Iran.
Bitcoin falls amid attack on oil tankers in the Strait of Hormuz
in Share XThe British Military Center revealed an attack on an oil tanker in the Strait of Hormuz, as the tanker suffered minor structural damage. This is the second attack on an oil tanker in the Strait of Hormuz today. The British Army previously reported an oil tanker that also suffered structural damage. Meanwhile, attacks on ships in the strait have occurred over the past 24 hours.
Bitcoin fell amid this development that once again escalated tensions between the United States and Iran, with Qatar accusing Iran of responsibility for the previous attack on an oil tanker. the Bitcoin price The stock price has fallen below $63,000 and is currently trading at around $62,800, according to TradingView data.
It is worth noting that the attack on oil tankers comes as talks between the United States and Iran falter after initial negotiations in Switzerland. US President Donald Trump had said in Official launch of Trump accounts They will either make a deal with Iran or “finish the job.”
Bitcoin also remains on edge as Iran seeks to assert control over the Strait of Hormuz, even as the United States seeks a deal with Iran to make this key oil corridor free.
Oil prices rise due to Hormuz tensions
Oil prices rose again due to tensions in the Strait of Hormuz. West Texas Intermediate crude futures rose above $70, up more than 2% today, according to TradingView data.
Rising oil prices are also putting pressure on Bitcoin and others crypto prices, Which raises concerns about inflation and the possibility of raising interest rates. Cryptocurrency traders are currently pricing in the Fed raising interest rates by the end of the year amid tensions in the Middle East.
Meanwhile, the prospects for a final nuclear agreement between the United States and Iran have declined again amid the attack on oil tankers in the Strait of Hormuz. Polymarket data shows only a 30% chance of a deal by September 30 and a 46% chance by the end of the year.
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