Bitcoin (BTC) Steadies Around $64K Amid Escalating U.S.-Iran Tensions

Quick Overview

• BTC price hovers around $63,800 with minimal 0.3% decline in 24 hours despite renewed U.S. military action against Iran
• United States conducted third consecutive strike operation on Iranian targets this week; Iran responds by closing Strait of Hormuz
• Bitcoin spot ETFs recorded $197.4 million in weekly inflows, breaking an eight-week withdrawal pattern
• Ethereum spot ETFs similarly reversed trend with $84.4 million in weekly capital inflows
• Crypto strategist Michaël van de Poppe identifies $65,000 breakout as critical confirmation level for potential rally to $73K-$83K range

Bitcoin maintains stability around the $63,800 mark while Middle Eastern geopolitical pressures intensify. The United States executed its third consecutive airstrike campaign against Iranian positions this week, prompting Tehran to announce the closure of the Strait of Hormuz for an indefinite period.

Bitcoin (BTC) Price

Yet BTC demonstrated remarkable resilience, declining a mere 0.3% across the 24-hour timeframe. Weekly performance showed a 2% gain.

According to U.S. Central Command, President Trump authorized the military operations following an Iranian assault on a container vessel sailing under the Cyprus flag. Reports confirmed explosions across Iran’s southern coastal region, affecting critical energy infrastructure at Bushehr and Asalouyeh, along with major port facilities in Bandar Abbas and Bandar-e Dayyer.

Maritime tracking systems indicated limited vessel activity near the Strait of Hormuz Sunday morning, though traffic volumes remained significantly below typical patterns.

Ethereum displayed similar composure, trading approximately $1,800 with a weekly gain of 2%. Solana emerged as the week’s underperformer among major assets, declining 5% over seven days to reach $76. XRP retreated to $1.09 while Dogecoin settled around the $0.07 level.

During Iran’s initial Strait closure in early March, Brent crude oil surged beyond $100 per barrel while Bitcoin experienced substantial selling pressure. Current market response appears considerably more subdued. With traditional markets including oil futures, equities, and fixed income instruments closed for weekend trading, Bitcoin stands alone as the primary liquid market absorbing the geopolitical developments.

Bitcoin ETF Products Break Extended Outflow Cycle

United States spot Bitcoin exchange-traded funds accumulated roughly $197.4 million in net capital inflows throughout the previous week—marking their first positive weekly performance since early May. This development terminated an eight-consecutive-week outflow period, representing the longest withdrawal streak since these investment vehicles debuted in January 2024.

The prolonged eight-week exodus extracted approximately $8.26 billion from Bitcoin ETF holdings. Last week’s capital influx recovered merely 2.4% of those losses.

BlackRock’s iShares Bitcoin Trust (IBIT) dominated inflow activity, attracting $86.83 million during Friday’s trading session exclusively. The majority of competing funds registered neutral net flows for that day.

Ethereum spot ETFs simultaneously broke their parallel eight-week decline, capturing $84.4 million for the week. BlackRock’s ETHA product and Fidelity’s FETH fund accounted for the bulk of Friday’s $18.43 million session aggregate.

Technical Analysis Points to Critical $65K Resistance Zone

Cryptocurrency market analyst Michaël van de Poppe highlighted a bullish divergence pattern on Bitcoin charts as among the most compelling indicators suggesting an imminent trend reversal. He emphasized that a decisive breach above $65,000 would validate this technical formation, effectively converting that resistance threshold into foundational support. Van de Poppe established an initial price objective at $73,000 while projecting his personal expectation for advancement toward $83,000 or beyond throughout the upcoming period.

Bitcoin ETF aggregate net assets totaled $77.42 billion as of Friday’s close. Both Bitcoin and Ethereum ETF categories maintain negative year-to-date performance for 2026, with Bitcoin products registering approximately $5.34 billion in cumulative net outflows since January.

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