# Bitcoin falls below $64,000 after US strike on Iran and Trump’s China

**Published:** 2026-07-17T17:53:46.883Z  
**Topic:** Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/c510b570-af5a-492d-b996-cf67f6c6774d

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 |

## What triggered the slide  
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].

## Market context and on‑chain backdrop  
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.

## What to watch  
- **$60,000 support** – a sustained break could trigger deeper correction as leveraged positions unwind.  
- **Further US‑Iran escalation** – additional strikes or broader regional conflict could keep pressure on risk assets.  
- **Trump’s China remarks** – any policy shift or heightened US‑China tension may reinforce the risk‑off bias.

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.

## Sources
1. Aljazeera — [US-Israel war on Iran | US-Israel war... | Today's latest from Al Jazeera](https://www.aljazeera.com/tag/israel-iran-conflict/)
2. Crypto Briefing — [US-Iran military strikes shatter ceasefire, sending Bitcoin sliding toward $60K](https://cryptobriefing.com/us-iran-strikes-bitcoin-crypto-impact/)
3. BBC — [US strikes Iran after attack on cargo ship](https://www.bbc.com/news/articles/ckg590wqxwpo)
4. CoinDesk — [Bitcoin under $64,000 after new U.S. strike on Iran. Trump's China comment adds to uncertainty](https://www.coindesk.com/markets/2026/07/17/bitcoin-under-usd64-000-after-u-s-strike-on-iran-trump-s-china-comment-adds-to-uncertainty)

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Cite as: TrendWatcher, "Bitcoin falls below $64,000 after US strike on Iran and Trump’s China", https://www.trendwatcher.in/article/c510b570-af5a-492d-b996-cf67f6c6774d