Bitcoin News Today: BTC Falls Below $63,000 as Fresh Iran Strikes Spike Oil Prices

Last Updated: July 13, 2026

Bitcoin fell below $63,000 on July 13, 2026, trading near $62,800 and briefly touching $62,478 in Asian hours, after the US launched a fourth round of strikes on Iran and Tehran reportedly closed the Strait of Hormuz again. The move pushed oil prices sharply higher, reviving inflation concerns and dragging Bitcoin back below its 200-week moving average — a technical level some analysts read as a signal of prolonged bear-market risk. Ether fell in tandem, down about 2.6% to trade near $1,780-1,786.

Key Takeaways

• BTC fell as much as 2.6% to $62,478 in early London trading before stabilizing near $62,800-$62,968, slipping back below its 200-week moving average
• The selloff followed a fourth round of US strikes on Iran and a reported closure of the Strait of Hormuz, sending oil prices higher and reviving inflation fears
• A separate Asian-session leverage flush added to the decline, though liquidations were minor — roughly a sixth of the worst levels seen over the past 30 days, per CoinGlass
• Fed Chair Kevin Warsh begins semiannual testimony this week (House Tuesday, Senate Wednesday), with markets pricing a 78.5% probability of no rate change at the July FOMC meeting and zero cuts for 2026
• June CPI lands July 14 and the Fed meets July 28-29 — the two events most likely to determine whether risk assets get relief or another leg down
• Bitcoin’s BIP 110 fork deadline is approaching with miner support near zero, as Michael Saylor and Adam Back warn that turning a spam-policy dispute into a consensus fight risks becoming a bigger problem than the spam itself

Bitcoin Market Overview

Metric	Value
Price (BTC/USD)	~$62,800
24h Change	-1.4% to -2.6%
Position vs. 200-week MA	Below
Core Inflation (latest)	4.2% (3-year high)
July FOMC No-Change Odds	78.5% (CME FedWatch)

Data sourced from CoinMarketCap and CoinGecko. Prices are volatile and change continuously — confirm with a live source before trading.

Bitcoin Price Analysis

Bitcoin’s slide back below its 200-week moving average is a meaningful technical development — the token last closed a week below this level in 2023, and re-testing it now suggests last week’s bounce off $58,000 remains a fragile recovery rather than a confirmed trend reversal. The immediate trigger was geopolitical rather than crypto-specific: a fresh round of US-Iran strikes and a reported Hormuz closure spiked oil prices and revived the same inflation-fear dynamic that has repeatedly pressured risk assets this year. A separate, smaller leverage flush during Asian trading hours compounded the move, though the scale of liquidations was modest compared to prior stress events this cycle.

Why Bitcoin News Is Dominated by Geopolitics Today

Iran Strikes and Oil Spike Drive the Selloff

The US carried out its fourth round of strikes on Iran this week, with Tehran reportedly closing the Strait of Hormuz in response — a chokepoint for roughly a fifth of global oil supply. Oil prices spiked on the news, reviving concerns that energy-driven inflation could keep the Fed on hold longer than markets had hoped. Bitcoin, alongside Ether, fell roughly 2.6% as the news broke, though bitcoin has recently shown signs of decoupling from sliding AI and chip stocks even as it remains sensitive to oil-driven macro shocks.

The Macro Calendar Gets Heavier This Week

Fed Chair Kevin Warsh’s semiannual testimony before the House Financial Services Committee (Tuesday) and Senate Banking Committee (Wednesday) is the week’s key event. Warsh’s June debut stripped forward guidance and shifted the dot plot toward potential hikes, effectively closing the door on 2026 rate-cut pricing — a stance that pressured Bitcoin at the time. With June CPI due July 14 and the FOMC meeting July 28-29, this week’s data and testimony will shape whether that hawkish pricing holds or softens.

BIP 110 Fork Fight Escalates With Zero Miner Support

Separately from the macro story, Bitcoin’s BIP 110 proposal — which would cap arbitrary data storage on the network for a year — faces a deadline with miner support reportedly at zero. Michael Saylor, Adam Back, and others have warned that forcing a consensus fight over a spam-policy dispute could create more disruption than the underlying spam problem it aims to solve.

For deeper coverage on other assets, see Ethereum News Today and XRP News Today.

What This Means for the Days Ahead

Bitcoin’s near-term path likely hinges on whether the Iran situation escalates further or stabilizes, alongside how markets digest Warsh’s testimony and Monday’s CPI print. A confirmed close back above the 200-week moving average would ease some of the technical damage from today’s move; failure to reclaim it keeps the bear-market-risk narrative alive heading into the more consequential July 28-29 FOMC decision.

Bitcoin Support and Resistance Levels

Level Type	Price Zone	Significance
Key Resistance 2	~$65,000	Recent multi-week high
Key Resistance 1	~$63,800-$64,000	Pre-selloff trading level
Current Price	~$62,800	—
Key Support 1	~$61,979	Recent daily support
Key Support 2	~$58,000	June’s 21-month low

Support and resistance zones reflect recent price structure and are illustrative, not guaranteed — confirm with a live charting tool before trading.

Compare Crypto Prices Today

Coin	Live Price Page
Ethereum	ETH Price — see Ethereum News Today
XRP	XRP Price — see XRP News Today
Solana	SOL Price
BNB	BNB Price
Tron	TRX Price
Bitcoin	BTC Price

For the broader picture, see today’s Crypto Market Today and the full Crypto News Today roundup.

Where to Buy Bitcoin

BTC is available on all major centralized exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, and Bybit, as well as through spot Bitcoin ETFs for investors who prefer brokerage-based exposure.