President Donald Trump said he is considering resuming full-scale military operations against Iran if his demands are not met.
Bitcoin dropped over 3% in July on reports of ceasefire breakdowns and renewed strikes.
From ceasefire to ‘finish the job’
The 2026 Iran war kicked off with US-Israeli strikes in late February. An informal ceasefire and a series of understandings followed, giving markets a breather and letting Bitcoin claw back losses through the spring months.
That ceasefire collapsed by early July. Renewed violence in the Strait of Hormuz reignited hostilities. US combat fatalities and Iranian retaliations have kept the military exchanges going into mid-July.
