Bitcoin Holds Steady Above $63,000 Amid Iran Tensions and Blockchain Debate

Bitcoin held above $63,000 over the weekend despite rising tensions in Iran and a debate over blockchain rules. The cryptocurrency was trading down 0.42% at $63,984.1 as of 04:56 ET (08:56 GMT) after the US carried out a third round of strikes on Iranian military targets.

The Strait of Hormuz was again declared closed by Tehran, but crypto markets showed little sign of panic. Unlike previous Middle East flare-ups, Bitcoin remained relatively stable, despite being one of the few liquid assets available to price geopolitical developments.

Investors are now watching the reopening of oil markets to see if crude prices reflect the latest tensions. Meanwhile, Senator Cynthia Lummis renewed calls for Congress to pass the CLARITY Act, warning that this could be the best opportunity to establish a comprehensive US regulatory framework for digital assets before 2030.