Iran Threatens Retaliatory Strikes and Hormuz Blockade, Bitcoin Dips Below $63K

Iran threatened missile strikes on Israel and a Strait of Hormuz blockade after accusing the US of violating a new MoU. Bitcoin fell below $63,000 and crypto liquidations hit $580 million as geopolitical risk spiked.

• Iran warned it could cancel US talks and reimpose a blockade of the Strait of Hormuz, a key oil shipping route
• Israel conducted military operations in southern Lebanon, which Iran says violates the new US-Iran MoU
• Bitcoin dropped to ~$62,600 and crypto liquidations reached $580 million in 24 hours
• A Hormuz blockade could spike oil prices and fuel inflation fears, pressuring risk assets like crypto
• Friday's planned Geneva talks between US and Iran have been put on hold

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Last updated 19 Jun 2026