Wintermute: U.S.-Israel Strike on Iran Drove Bitcoin to $63K Before Rebound as Oil, Gold Surge and VIX Hits 2026 Highs
Bitcoin fell to $63,000 before rebounding to $67,000 following a U.S.-Israel strike on Iran, while ETH traded around $1,910 and the Strait of Hormuz remained closed, Wintermute reported. Oil and gold prices jumped, equities retreated and the VIX reached 2026 highs, even as spot ETF inflows exceeded $1 billion and institutional trading stayed muted. The firm noted a brief conflict could enable a market rebound, but an extended Hormuz closure might lift inflation, delay Federal Reserve rate cuts and pressure risk assets including cryptocurrencies.