Bitcoin Holds Firm as Iran Escalation Sends Oil Above $90 and Stocks Lower

Bitcoin traded near $63,915 on July 30 and was little changed despite a sharp geopolitical risk reaction across oil and U.S. equities, according to CoinDesk. The relative steadiness came after U.S. Central Command said it had carried out a heavy wave of strikes against Iran in response to Iranian ballistic-missile attacks on U.S. forces.

The contrast was notable rather than conclusive. Oil had surged about 8% overnight and U.S. stocks fell, while roughly $286 million in cryptocurrency positions were liquidated over 24 hours, showing that leveraged crypto traders still faced substantial stress even as bitcoin avoided a comparable directional selloff.

U.S. strikes follow Iranian missile attack

On July 29, U.S. Central Command said it had completed strikes on dozens of Islamic Revolutionary Guard Corps targets after what it described as Iranian ballistic-missile attacks on U.S. forces. CENTCOM also said all missiles had been intercepted.

The official account established the immediate military response, but the broader picture involved attacks across the region and threats to energy infrastructure. The Associated Press reported that the renewed escalation followed an Iranian missile attack on a U.S. base in Jordan, further U.S.-Saudi strikes in Iraq, and attacks affecting regional shipping and energy infrastructure.

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