Bitcoin holds $71,000 as Trump warns of strikes on Iran's Kharg Island

Two weeks into a Middle Eastern war, bitcoin was trading at $71,000 on Saturday morning, down 0.7% over the past 24 hours after the U.S. bombed military targets on Kharg Island, Iran's main crude export facility. The move reversed Friday's $73,838 high; bitcoin gave back 3.5% on the Kharg headlines and then stabilised.

A month ago, a comparable escalation would likely have sparked a much deeper sell-off. On the week, bitcoin is up 4.2%. Ether gained 5.5% to $2,090, Dogecoin added 5%, Solana rose 4.2% to $88 and BNB climbed 4.5% to $655. Every major token is green for the seven-day period even as the war intensifies.

Traders appear to be adapting: early in the conflict, every headline produced outsized reactions, but a pattern has emerged where strikes push oil higher, bitcoin dips and then recovers. The $73,000–$74,000 resistance zone has rejected bitcoin four times in two weeks.

Iran, Kharg Island

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