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Bitcoin slides to $63,623 as US strikes on Iran and Trump’s China remarks spark market risk‑off, pushing the crypto benchmark toward key $60,000 support.
Bitcoin dropped to $63,623, a 0.62% decline, after the United States launched strikes on Iranian targets and President Donald Trump warned of “uncertainty” in China, sending risk‑off sentiment through crypto markets [4]. The move places the leading digital asset just below the $64,000 psychological barrier and tests the $60,000 support level that has anchored the market since the April cease‑fire lull.
| At a glance | |
|---|---|
| Price | $63,623 |
| 24‑hour change | –0.62% |
| Key level | $60,000 support |
| Catalyst | US strikes on Iran + Trump’s China comment |
The US military struck roughly 80‑90 Iranian sites, including over 60 IRGC boats, following Iranian drone attacks on commercial vessels in the Strait of Hormuz [2]. The strikes, described by US Central Command as a “powerful response,” reignited the fragile cease‑fire that had kept markets steadier earlier in the year [3]. Simultaneously, Trump’s public remarks questioning China’s economic trajectory added a geopolitical layer of uncertainty, further dampening risk appetite across assets, including Bitcoin [2].
During the July escalation, Bitcoin’s price oscillated between $62,000 and $64,000 before slipping toward the $60,000‑$62,000 band [2]. By contrast, the earlier February flare‑up produced sharper swings, indicating that the current sell‑off is more muted but still driven by macro factors such as rising oil prices and a strengthening dollar [2]. No on‑chain metrics (e.g., large‑wallet flows or supply changes) were highlighted in the reports, suggesting the price move is primarily a reaction to external geopolitical risk rather than token‑specific fundamentals.
The price now hovers just above a critical support zone, and the market’s next direction hinges on whether geopolitical tensions subside or intensify, leaving Bitcoin’s resilience to macro shocks in focus.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Jul 17, 2026 · How we report
Bitcoin ETFs experienced a total net outflow of $120 million on September 10, 2026. The ARKB fund accounted for $78 million of this total, while GBTC and IBIT saw outflows of $27 million and $20 million, respectively.
The cumulative inflow for Bitcoin ETFs since their launch stands at $55.45 billion as of September 10, 2026.
Analysts have provided diverse price targets for Bitcoin, with projections ranging from $220,000 to $840,000 over the next three to five years. These estimates are based on various models involving global portfolio allocation, market elasticity, and historical value metrics.
Most Bitcoin funds were trading at a discount to the value of their holdings as of September 10, 2026. Exceptions to this trend included the Grayscale mini trust and Invesco's BTCO fund.