- The price of Bitcoin (BTC) remains steady despite recent military actions between Israel and Iran.
- Market analysts warn of a possible sharp drop in Bitcoin and other risk assets if Iran blocks the Strait of Hormuz, a critical channel for global oil transport.
- Analysts believe Bitcoin’s long-term price is influenced more by the U.S. dollar’s value than by geopolitical events.
- Long-term Bitcoin holders continue to accumulate more coins amid periods of uncertainty.
- Accumulation addresses added $3.3 billion worth of Bitcoin on June 11, marking the highest daily inflow for 2025 so far.
The price of Bitcoin (BTC) has held firm following an Israeli airstrike on Iran, according to analysts. However, experts say that a potential closure of the Strait of Hormuz by Iran could lead to a sharp downturn for Bitcoin and other risk-based investments. The strait is a major route for global oil shipments.
Coin Bureau founder and market analyst Nic Puckrin stated that Bitcoin’s immediate price will depend on further developments in the Israel-Iran conflict. “The biggest risk is if Iran were to close the Strait of Hormuz, which ferries nearly 20% of the world’s oil supply. If it does, oil will see a massive spike, and risk assets will fall off a cliff. And, if this happens over the weekend, the market that trades 24/7 — crypto — will once again take the hit,” Puckrin wrote on Friday.
Puckrin explained that Bitcoin’s long-term outlook depends less on world events and more on the falling value of the U.S. dollar. He noted that the dollar recently reached its lowest level in three years, which could be positive for assets with limited supply, such as Bitcoin.
Investors, both individual and institutional, are watching Bitcoin as it continues to develop as a financial asset. Some view Bitcoin as risky, while others consider it a safe store of value. Its role in the broader market remains a topic of debate among traders and analysts.
Despite the ongoing uncertainty, long-term holders continue to buy more Bitcoin. CryptoQuant analyst Burak Kesmeci reported a single-day inflow of 30,784 BTC—about $3.3 billion—into wallets that have never sold their holdings. These accumulation addresses now control 2.91 million BTC, with an average entry price of approximately $64,000. (See the full accumulation data and chart on CryptoQuant.)
The Strait of Hormuz remains a key point for global oil supply, with nearly 20% passing through this waterway. Market participants continue to monitor tensions in the Middle East for any impact on oil and cryptocurrency markets. Readers are reminded that market movements carry risk, and independent research is necessary before making investment decisions.
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