Trump Warns of 1,000 Missiles Aimed at Iran as Bitcoin Holds Near $64,000

Trump Says the Ceasefire Is Over

Trump posted connected Truth Social connected July 11 that talks with Iran would proceed but that hostilities would not pause. His full statement read:

“The Islamic Republic of Iran has asked america to proceed ‘talks’. We person agreed to bash so, but the United States has stated to them, successful nary uncertain terms, that the Cease Fire is OVER! 1000 Missiles are Locked and Loaded and aimed astatine the Islamic Republic of Iran, with thousands of much to instantly follow, should the Iranian Government enactment connected its threat, pronounced successful galore corners of the Globe, to assassinate, oregon effort to assassinate, the sitting President of the United States of America, successful this case, ME! Orders person already been given, and the U.S. Military is ready, willing, and able, for a 1 twelvemonth play of time, taxable to extension, to wholly decimate and destruct each areas of Iran – PRAISE BE TO ALLAH! President DONALD J. TRUMP”

The connection followed a week of nonstop U.S. strikes connected Iranian subject and larboard targets and Iranian attacks connected commercialized shipping successful the Strait of Hormuz.

Bitcoin Holds Ground Near $64,000

Bitcoin traded astatine $64,134 arsenic of 11:30 a.m. EDT connected July 12, up 0.6% implicit 24 hours, with a marketplace capitalization of $1.283 trillion, according to marketplace stats. The starring crypto plus remains astir 49.2% beneath its October 2025 all-time precocious supra the $126,000 zone.

The terms enactment followed a crisp early-July rebound from lows adjacent $57,800. Short liquidations exceeded $450 cardinal successful a azygous 24-hour agelong connected July 6, and spot bitcoin exchange-traded funds (ETFs) posted $266 cardinal successful nett inflows that day, led by Blackrock’s IBIT with $209 million. Strategy, formerly MicroStrategy, sold 3,588 BTC for astir $216 cardinal that aforesaid week, its largest azygous merchantability connected record.

War Spills Into Traditional Markets

The Iran struggle has moved beyond crypto’s accustomed macro triggers and into nonstop disruption of planetary trade. The IRGC declared the Strait of Hormuz closed “until further notice” aft firing connected vessels utilizing routes it considers unauthorized. A Cyprus-flagged instrumentality ship, the MV GFS Galaxy, suffered engine-room harm from an Iranian strike, with 1 unit subordinate reported missing.

Daily transits done the strait, usually 120 to 140 vessels, person dropped to arsenic fewer arsenic 10 connected immoderate days. Oil prices person swung 5% to 6% connected escalation headlines, feeding straight into hazard appetite crossed equities and crypto.

Why Some Traders Say the Bear Market Won’t End Yet

More than fractional of bitcoin’s circulating proviso remains underwater, a level archetypal reached successful aboriginal June, according to K33 Research. Fear and Greed Index readings stayed successful “Extreme Fear” done overmuch of the play earlier improving modestly toward Neutral by July 12.

Many marketplace observers constituent to this combination, a proviso basal inactive sitting astatine a nonaccomplishment and a warfare with nary solution successful sight, arsenic the crushed immoderate traders expect the bear market to persist. The statement holds that superior volition enactment antiaircraft arsenic agelong arsenic the Strait of Hormuz remains contested and Trump continues to awesome open-ended subject commitment.

What This Means for Traders

Bitcoin’s $62,000 to $63,000 portion has held arsenic enactment done aggregate tests this week. A adjacent supra $65,000 would unfastened a way toward $67,000, according to method levels drawn from pivot analysis. A interruption beneath $62,000 exposes the marketplace to a retest of June’s lows adjacent $58,000.

Futures unfastened involvement has declined adjacent arsenic prices rose, a divergence that suggests the latest rally has leaned connected abbreviated covering alternatively than caller spot demand. Traders watching the U.S.-Iran struggle are treating lipid terms spikes and Hormuz shipping information arsenic starring indicators for risk-asset direction, crypto included.

Watching the Middle East Alongside the Charts

Israeli Defense Minister Israel Katz said this week that forces are “ready and connected alert for a resumption of fighting.” Iran’s caller Supreme Leader, Mojtaba Khamenei, has pledged to avenge his father’s decease pursuing the ceremonial of Ayatollah Ali Khamenei, buried July 9 successful Mashhad aft processions that drew millions. No ceasefire model presently governs the conflict.