Bitcoin price steady despite potential risk from Iran closing Strait of Hormuz

From Cointelegraph
June 13, 2025 1:08:00 pm:

Bitcoin’s price remains steady despite Israeli airstrike on Iran. Risk-on assets could be impacted if Iran closes the Strait of Hormuz, a vital oil route. Bitcoin’s long-term outlook is tied to the declining US dollar. Long-term hodlers continue to accumulate BTC despite geopolitical tensions and uncertainty.

Accumulation addresses see an inflow of 30,784 BTC, valued at $3.3 billion on June 11. Total BTC held by accumulation addresses reaches 2.91 million BTC, with an average entry price of $64,000. Long-term holders continue accumulating BTC despite macroeconomic uncertainty and geopolitical tensions.

Read more at Cointelegraph: Bitcoin Will Fall This Weekend If Iran Closes Strait Of Hormuz