Bitcoin Holds Near $62,000-$63,000 Range as U.S.-Iran Military Strikes Roil Traditional Markets

Bitcoin holds steady in the $62,500 to $63,800 range, showing resilience even as escalating military conflicts between the United States and Iran in the Strait of Hormuz push Brent crude toward $79 per barrel. While traditional markets face inflationary shocks and hawkish Federal Reserve rate projections, Bitcoin spot ETFs broke an eight-week negative flow streak with $197.4 million in weekly inflows. Meanwhile, the mining sector faces a profitability crisis, prompting a major corporate pivot toward artificial intelligence infrastructure.

Bitcoin spot market positioning

▪Bitcoin spot Exchange-Traded Funds registered $197.4 million in net weekly inflows for the week ending July 10, 2026, ending an eight-week negative flow streak.
▪Bitcoin traded near $62,500 to $63,800 on July 13, 2026, showing relative stability compared to traditional assets despite escalating geopolitical tensions.
▪Bitcoin experienced $73.15 million in total liquidations over a 24-hour period, with long liquidations of $62.63 million significantly outpacing short liquidations of $10.52 million.

Corporate treasury Bitcoin liquidations

▪Empery Digital Inc. liquidated 1,400 Bitcoin for $87.1 million to retire debt, fund property acquisitions, and address litigation costs.
▪Strategy Inc. liquidated 3,588 Bitcoin between June 29 and July 5, 2026, generating $216 million to fund preferred stock dividends and replenish fiat reserves.
▪SpaceX joined the Nasdaq-100 Index on July 7, 2026, holding 18,712 Bitcoin on its corporate balance sheet valued at approximately $1.2 billion.

Bitcoin mining profitability crisis

▪The Bitcoin Miner Cycle Stress Composite reached historic lows, with twenty percent of the global mining network operating at a net loss.
▪The Bitcoin network executed a 5.00% downward difficulty adjustment on July 11, 2026, to provide operational relief in response to a lower hashrate.
▪American Bitcoin Corp executed a 1-for-15 reverse stock split to avoid Nasdaq delisting after posting a $118.2 million first-quarter operating loss.

Miner AI infrastructure pivot

▪Galaxy Digital completed Phase I of its Helios data center campus in West Texas, securing ERCOT approval for 1.6 gigawatts of power capacity.
▪Marathon Digital acquired a 1,200-acre powered land site in Texas, targeting 2.5 gigawatts of capacity for artificial intelligence data center hosting.
▪Azio AI Holdings deployed 6 megawatts of modular data capacity using NVIDIA B200 hardware funded by Bitcoin treasury sales on July 10, 2026.

Iran conflict energy shock

▪The United States executed retaliatory military strikes against Iranian targets following attacks on commercial vessels in the Strait of Hormuz.
▪Brent crude futures rose to approximately $78.09 to $79.59 per barrel due to conflict threats surrounding the Strait of Hormuz maritime chokepoint.

Federal Reserve inflation policy

▪The Federal Open Market Committee held the federal funds rate at 3.50% to 3.75%, with nine officials forecasting an additional rate hike before the end of 2026.
▪Federal Reserve Chairman Kevin Warsh launched five working groups, including a Productivity and Employment group featuring Marc Andreessen, to overhaul policy models.