Three explosions near Qeshm Island in the Strait of Hormuz pushed Bitcoin below $63K as geopolitical tensions rattled crypto and energy markets.

US forces intercept Iranian attack drones near the Strait of Hormuz, triggering Bitcoin's drop below $73K and over $1 billion in crypto liquidations.

The US and Iran reached an interim deal to reopen the Strait of Hormuz, easing oil supply fears. Bitcoin rallied 2% to $65,800 on the news.