Bitcoin Declines Toward $63,000 as Markets Assess Geopolitical Risks and ETF Flows

Bitcoin fell 1.4% to $63,305 on July 7, 2026, as geopolitical developments in the Middle East coincided with broader declines across global risk assets.

According to official statements, U.S. Central Command carried out military operations involving Iran after attacks on commercial oil tankers near the Strait of Hormuz. The UK Maritime Trade Operations (UKMTO) raised its regional threat level to "severe," while Brent crude oil prices moved higher during the session. The U.S. government also announced changes to licensing related to certain Iranian crude oil exports.

U.S. spot Bitcoin ETFs recorded net inflows of approximately US$265.7 million on Monday, following US$221.7 million on July 2, according to SoSoValue. The inflows followed several weeks of net outflows and reflected continued activity in institutional investment products.

Elsewhere in the cryptocurrency market, Ethereum declined 1.8% to US$1,773, XRP fell 3.1% to US$1.11, and Cardano dropped 6.8%. During the session, Bitcoin and Ethereum recorded smaller percentage declines than several other major cryptocurrencies.

Investors are also monitoring developments in the Strait of Hormuz, U.S. spot Bitcoin ETF flows, and the upcoming release of the Federal Reserve's June meeting minutes. These developments may continue to influence cryptocurrency markets alongside broader macroeconomic conditions.