Treasury Secretary Scott Bessent said the U.S. froze a $130 million crypto wallet linked to Iran's IRGC as part of a broader effort to track and seize assets tied to Supreme Leader Ali Khamenei and increase economic pressure on Tehran.
Bitcoin price fell below $63,000 as U.S. strikes on Iran and renewed U.S.-China tensions sparked a broader risk-off sell-off, though analysts say resilient onchain data and renewed ETF inflows suggest buyers are quickly stepping back into the market.
Bitcoin price surged to a two-week high near $67,000 as an Iran ceasefire eased macro fears and Strategy’s $100 million Bitcoin purchase fueled crypto-stock gains.
Bitcoin rebounded more than 11% from its June 5 low near $59,000 to around $66,500 as easing Middle East tensions and continued institutional accumulation from major corporate buyers helped restore confidence despite lingering skepticism about the bull market.
The U.S. Treasury designated Nobitex and three other Iranian crypto platforms—along with key executives—under counterterrorism and financial-sector authorities, intensifying U.S. efforts to disrupt Iran’s digital asset network and sanction evasion activities.
Fraudsters are targeting global shipping firms with fake Strait of Hormuz transit fees, demanding payment in Bitcoin and Tether as vessels remain stranded amid Gulf tensions.
