Bitcoin climbed above $64,600 on Tuesday as traders weighed tensions around the Strait of Hormuz. BTC reached $64,926 intraday before easing to about $64,611, up roughly 0.6% from the previous close. Brent crude rose 0.7% to $91.46 a barrel, keeping energy prices and inflation risks in focus.
U.S. President Donald Trump said Washington was not holding talks with Iran, while Tehran disputed his claim that the strategic waterway was open. Shipping traffic remains far below its pre-conflict average, adding uncertainty for oil markets. Bitcoin remains below $65,000, a near-term resistance level.
Strategy reported no Bitcoin purchases or sales from Aug. 10 to Aug. 16 after two weeks of BTC disposals, leaving its holdings at 840,447 coins. Investors are watching whether the pause and a planned White House crypto meeting can support Bitcoin while high yields and geopolitical risk pressure markets.
Bitcoin holds $64,600 as Trump rules out Iran talks














