{"id":199795,"date":"2026-07-17T13:34:44","date_gmt":"2026-07-17T13:34:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=199795"},"modified":"2026-07-17T13:34:44","modified_gmt":"2026-07-17T13:34:44","slug":"bitcoin-price-falls-under-63000-on-u-s-iran-strikes-and-trumps-china-charge-but-onchain-data-points-to-buyers","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=199795","title":{"rendered":"Bitcoin Price Falls Under $63,000 on U.S.-Iran Strikes and Trump\u2019s China Charge, but Onchain Data Points to Buyers"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Price Falls Under $63,000 on U.S.-Iran Strikes and Trump\u2019s China Charge, but Onchain Data Points to Buyers<\/a><\/p>\n

<\/div>\n

Bitcoin price fell below $63,000 on Friday, as a fresh wave of U.S. airstrikes on Iran and a new political dispute between Washington and Beijing pushed investors out of risk assets.<\/p>\n

Bitcoin price traded near $62,800, an extension of Thursday\u2019s 1.4% slide from $65,000, according to Bitcoin Magazine Pro <\/em>data. The token slipped under its 50-day simple moving average, a gauge of near-term momentum that many traders watch.<\/p>\n

The bitcoin price retreat tracked a broad decline across global markets. Japan\u2019s Nikkei 225 dropped<\/a> 4% and entered a correction, a fall of more than 10% from its June 25 peak, as memory-chip maker Kioxia lost 16.1%. Hong Kong\u2019s Hang Seng shed 2%, while the Shanghai Composite fell 3.1% to an 11-month low.\u00a0<\/p>\n

Futures tied to the Nasdaq pointed to a decline of 1.6%, an echo of Thursday\u2019s drop on Wall Street, where chip shares from Nvidia, Micron, Broadcom and Qualcomm came under pressure<\/a> on fears that the AI rally has run past its earnings.<\/p>\n

Bitcoin price, Iran escalations, and uncertainty in Washington\u00a0<\/h2>\n

Iran\u2019s semi-official Fars news agency, citing the Hormozgan province governorate, said U.S. airstrikes hit<\/a> five bridges in the southern province.\u00a0<\/p>\n

A separate missile strike damaged<\/a> the maritime control tower at Iran\u2019s Chabahar port. WTI crude climbed near $79 a barrel, a rise close to 15% across five sessions, a move that revived concern about inflation and the path of interest rates.<\/p>\n

A second front of uncertainty opened in Washington. President Donald Trump declassified intelligence reports that allege<\/a> Chinese interference in U.S. elections and claimed Beijing obtained 220 million voter records, a threat he cast as a danger to democracy. China\u2019s embassy denied the allegations.\u00a0<\/p>\n

The dispute itself carries little market weight, though traders fear it could strain ties before Trump\u2019s September meeting with Xi Jinping. The Australian dollar, a proxy for China-linked trade, weakened against the greenback.<\/p>\n

Bitcoin price market dynamics<\/h2>\n

Against that backdrop, some analysts argue the sell-off masks a market whose core drivers have changed little. Nicolai Sondergaard, a research analyst at Nansen, said the bitcoin price tape reflects macro data more than a geopolitical hedge.<\/p>\n

\u201cThe inflation and liquidity channel is doing more work here than the geopolitical hedge narrative,\u201d Sondergaard said. He pointed to the June CPI report released<\/a> July 14, which showed headline inflation of 3.5% against a 3.8% forecast and a core reading of 2.6% against 2.9%. The dollar index sank to near 100.77, a multi-month low, and the 10-year Treasury yield eased to 4.57%.<\/p>\n

The softer print reset Fed expectations. Odds of a rate hike at the July 28-29 meeting fell from above 40% to the low teens, according to CME FedWatch data.\u00a0<\/p>\n

\u201cThe FOMC meeting on July 28 to 29 is the actual binary,\u201d Sondergaard said. \u201cIf the CPI data holds and the Fed signals a credible pivot path, the conditions for sustained ETF inflows are back in place.\u201d<\/p>\n

Onchain flows support his read. Spot bitcoin ETFs drew $510 million across three sessions this month, an end to a $2.73 billion outflow streak, with BlackRock\u2019s IBIT in the lead. Nansen\u2019s data shows large wallets held their ground through the strike.\u00a0<\/p>\n

\u201cNet outflows hit -18.3 BTC in the strike hour, then reverted to a post-shock average of +0.67 BTC per hour, meaning buyers returned within the same session,\u201d Sondergaard said.<\/p>\n

Sondergaard framed positioning as constructive rather than fragile. Funding rates sat near zero, a sign that leveraged longs are not crowded, and smart-money long\/short ratios ran at 1.58 with no rotation into stablecoins. Retail traders held a ratio of 1.79, a step ahead of the pros but in the same direction. Seven-day inflows concentrated in liquid staking, DeFi lending and decentralized exchanges, a risk-on allocation.<\/p>\n

\u00a0Sondergaard said the sequence rhymes with past shocks. \u201cPrior Middle East escalations produced the same pattern: short-duration flush, accumulation resumes,\u201d he said.<\/p>\n

\u201cMVRV sits at 1.205 with realized price at roughly $53,000 and the long-term holder cost basis around $49,900, which defines the structural floor,\u201d Sondergaard said. \u201cThat is not the profile of a market running on geopolitical sentiment.\u201d<\/p>\n

At the time of writing, the bitcoin price is $62, 836. <\/p>\n

This post Bitcoin Price Falls Under $63,000 on U.S.-Iran Strikes and Trump\u2019s China Charge, but Onchain Data Points to Buyers<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Falls Under $63,000 on U.S.-Iran Strikes and Trump\u2019s China Charge, but Onchain Data Points to Buyers Bitcoin price fell below $63,000 on Friday, as a fresh wave of U.S. airstrikes on Iran and a new political dispute between Washington and Beijing pushed investors out of risk assets. Bitcoin price traded near […]<\/p>\n","protected":false},"author":0,"featured_media":199796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-199795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/199795"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=199795"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/199795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/199796"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=199795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=199795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=199795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}