Bitcoin Rebounds to $65,000 Despite US-Iran Tensions, Showing Market Resilience

Jul 13, 2026

Bitcoin has demonstrated significant resilience, reclaiming the $65,000 level on July 15, 2026, after briefly sliding below $62,000 due to escalating U.S.-Iran military hostilities. Despite U.S. airstrikes, Iranian retaliatory attacks, and the closure of the Strait of Hormuz, which pushed Brent crude prices up 6.3% to $79, the cryptocurrency market avoided a panic-driven selloff. Instead, digital assets stabilized, supported by a reversal in ETF flows that brought in $282 million, snapping an eight-week streak of outflows.

Bitcoin price resilience

▪Bitcoin repeatedly defended the $62,000 support level despite multiple rounds of U.S. airstrikes on Iran.
▪Bitcoin reclaimed the $65,000 level on July 15, 2026, recovering from a slide below $62,000 on July 13, 2026.

US-Iran military escalation

▪Iran launched retaliatory strikes against United States military installations in Bahrain, Kuwait, Oman, and Jordan.
▪The United States Central Command confirmed consecutive days of airstrikes targeting Iranian military positions to protect commercial shipping.

Strait of Hormuz closure

▪The closure of the Strait of Hormuz raised severe concerns over global shipping and oil supply routes.
▪Iran declared the Strait of Hormuz closed "until further notice" following the escalation of military tensions.

Oil price surge

▪West Texas Intermediate crude oil prices climbed to approximately $74 per barrel amid the heightened geopolitical tensions.
▪Brent crude oil prices surged 6.3% to approach $79 a barrel following the escalation of hostilities and the shipping chokepoint closure.

Federal Reserve policy expectations

▪The energy price surge pushed September Federal Reserve rate hike odds from approximately 50% to 61%.
▪Traders monitored upcoming United States Consumer Price Index data to gauge future Federal Reserve interest rate decisions.

Crypto ETF inflows reversal

▪The reversal in ETF flows occurred alongside whale accumulation signals, suggesting potential stabilization in the digital asset market.
▪Spot Bitcoin and Ethereum ETFs recorded approximately $282 million in weekly inflows, breaking an eight-week streak of outflows.