Bitcoin remained stable near $63,800 on Saturday following the U.S.'s third round of strikes on Iran this week, which led to Tehran closing the Strait of Hormuz "until further notice." The cryptocurrency saw a slight 0.3% decline over 24 hours but was up 2% for the week. Despite some vessel movement in the Strait, traffic remained below normal levels. The strikes, ordered by President Trump, targeted Iran's capacity to attack commercial vessels after an Iranian assault on a Cyprus-flagged ship.
Ether also showed little movement, trading around $1,800, marking a 2% weekly gain. Among other major cryptocurrencies, Solana fell to $76, down 5% over the week, while XRP and Dogecoin saw minor declines to $1.09 and $0.07, respectively. Overall, the crypto market experienced minimal daily fluctuations.
Bitcoin Steady Amid U.S. Strikes on Iran, Strait of Hormuz Closure
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