Bitcoin And Ether Stay Steady As US Launches Third Iran Strike This Week

Bitcoin held near $63,850 on sunday despite a fresh round of US airstrikes on Iran and Tehran’s declaration that it had closed the Strait of Hormuz “until further notice.” Btc was down just 0.3% over 24 hours and remained up 2% for the week. Ether traded similarly flat around $1,800, also up 2% weekly, while Solana lagged behind at $76, down 5% over seven days.

US Central Command confirmed President Trump ordered the strikes after Iranian forces hit a Cyprus-flagged container ship, aiming to limit Iran’s ability to threaten commercial shipping. Iranian state media reported explosions near energy hubs including Bushehr and Asalouyeh, along with the port cities of Bandar Abbas and Bandar-e Dayyer.

A Different Market Response Than March

The muted reaction marks a shift from earlier this year, when Iran’s first closure of the strait sent Brent crude above $100 a barrel and eventually near $120, triggering sharp bitcoin selloffs. This time, with oil, equities, and bonds closed for the weekend, bitcoin remains the only major market pricing in the news in real time, and it is treating the escalation as largely inconsequential so far.

Monday Seen As The Real Test

Analysts say the fuller market reaction, particularly in oil, may not appear until markets reopen Monday. Roughly a fifth of global seaborne oil moves through the Strait of Hormuz, and crude already carried a risk premium heading into the weekend. A sharp gap higher in oil paired with steady bitcoin prices would signal markets are taking the closure seriously, while a calmer open could suggest traders view it as a threat Iran has made and reversed before.