Bitcoin has held at $71,000 despite warnings of strikes on Iran’s oil facilities at Kharg Island. Last week, the broader crypto market rose, with Ethereum, Dogecoin, Solana, and BNB all posting gains. Bitcoin remains around the pre-war levels, trading near $71,000 despite escalating Middle East tensions and the Kharg Island strikes. The war headlines are increasingly treated as temporary shocks by traders, though rising oil prices, energy disruptions, and the upcoming Fed meeting pose new risks for crypto and other risk assets.
In the second week of the Middle East conflict, Bitcoin is showing signs of strength relative to the early moves. After the U.S. struck Kharg Island—the site of a key Iranian crude export facility—Bitcoin traded near $71,000 on Saturday morning, slipping about 0.7% over the past 24 hours. On Friday, the rally to $73,838 was sharp but limited. Bitcoin fell about 3.5% on Kharg-related news before stabilizing.
Over the past week, Bitcoin rose about 4.2%. Ethereum rose about 5% to $2,090. Dogecoin gained about 5%. Solana rose about 4.2% to around $88.
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