Thursday, July 9, 2026

Bitcoin Falls to the $62,000 Range as Middle East Tensions Reignite [Crypto Briefing]

Input
2026-07-09 10:29:48
Updated
2026-07-09 10:29:48
Image released by USCENTCOM showing airstrikes in southern Iran. Photo = Yonhap News Agency

[Financial News] Bitcoin fell to the $62,000 range on the 9th. The decline appears to have been driven by renewed military tensions between the United States and Iran.
According to CoinMarketCap, Bitcoin was trading at around $62,000 as of 10:10 a.m., down 2.13% from the previous day on a 24-hour basis. Over the past week, Bitcoin has risen 4.06%.
Bitcoin is trading in the KRW Market at around 93 million won. Based on Cryprice, the Korea premium stood at -0.88%.
The U.S. airstrikes on Iran hurt investor sentiment. On the 8th local time, USCENTCOM said on X that it had "launched additional airstrikes targeting Iran under the direction of the commander in chief, U.S. President Donald Trump." The U.S. military also claimed that the attacks on merchant ships in the Strait of Hormuz on the 6th and 7th were carried out by Iran, and said it struck about 80 targets inside Iran on the 7th.
Tensions between the United States and Iran have recently flared up again. The U.S. strikes on Iran were carried out for a second straight day after the previous day, and appear to be a response to Iran's continued attacks on merchant ships in the Strait of Hormuz.
The CoinMarketCap Crypto Fear and Greed Index stood at 26 on the day, indicating "fear." The index ranges from 0 to 100, with values closer to 0 interpreted as "extreme fear" and those closer to 100 as "extreme greed."
At the same time, Ethereum was trading in the $1,737 range, down 2.19% from the previous day. Ripple was down 2.28% and trading around $1.08.

yimsh0214@fnnews.com Lim Sang-hyuk Reporter