Bitcoin holds near $62,800 as ETF inflows resume amid Hormuz oil shock

Bitcoin remained under pressure around the low-$62,000 range after renewed U.S.-Iran fighting around the Strait of Hormuz pushed oil prices higher and intensified concern that energy-driven inflation could keep global capital costs elevated. The token fell from a 24-hour high of $64,385 late Sunday to as low as $62,037 by 10:15 a.m. EST Monday, briefly slipping below the closely watched $62,000 support area after a roughly 3.34% 24-hour decline before stabilizing near $62,800. The move reduced Bitcoin’s market capitalization from $1.28 trillion to about $1.25 trillion and helped drag the broader crypto market to about $2.24 trillion. Leveraged positions were hit as total crypto liquidations topped $322 million, including $267 million in longs, with Bitcoin-specific liquidations reaching $83 million in longs and $12 million in shorts. The sell-off followed a widening military escalation. U.S. forces said they struck Iranian targets after attacks on shipping in the Strait of Hormuz, while a later report said the U.S. military hit more than 100 targets across Iran on Sunday. Iran rejected the allegations, disputed U.S. claims over the waterway and launched retaliatory strikes against U.S. bases and installations across five Gulf countries, including Qatar and Oman, according to the report. Brent crude rose 4.5% and moved above $80 a barrel, reinforcing fears that disruption to the chokepoint could tighten energy and fuel supply chains. Analysts said Bitcoin may remain in a broader consolidation range unless it can reclaim higher resistance, even as U.S. spot Bitcoin and Ether ETFs returned to net weekly inflows.