Bitcoin Falls Below $63,000 as US-Iran Hormuz Tensions Escalate

Bitcoin fell 1.8-3% to around $62,853 on July 13, briefly trading below $63,000 amid renewed U.S.-Iran military exchanges near the Strait of Hormuz. The risk-off move lifted WTI crude above $74 and Brent near $80 while Nasdaq-100 futures dropped 1.24%, triggering $253 million in crypto liquidations. Spot Bitcoin ETFs posted their first net inflows in eight weeks at $197.4 million, led by BlackRock, yet cumulative outflows since mid-May reached $8.26 billion, leaving BTC roughly 50% below its October peak.