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Morning Edition · Sunday, July 19, 2026Published at 1:27 AM EDT · New York
Bitcoin Holds Near $63,900 as a Partly Closed Hormuz and a Hawkish Fed Chair Frame the Week
Brent crude settled above $85 with the Strait of Hormuz disrupted, while Fed Chair Kevin Warsh reaffirmed an inflation-first stance that keeps rate cuts on hold ahead of next week's policy meeting.
Bitcoin traded through the weekend against a tense macroeconomic backdrop. According to CryptoSlate, Bitcoin traded near $62,900 on Friday afternoon, down roughly 38% from its October 2025 peak, before recovering to around $63,900 by early…
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US-Iran Strikes and Hormuz Roil Energy Markets
Recurring US strikes on Iran and Tehran's closures of the Strait of Hormuz keep injecting sharp oil, gold and cross-asset volatility, making Middle East escalation a recurring macro risk factor — one to which large-cap crypto has so far reacted only muted-ly.
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