Bitcoin Holds Firm at $65K Amid Iran Tensions

Bitcoin (BTC) has maintained its resilience in the face of macroeconomic pressures, holding steady at $65,191 on August 10, 2026. Despite rising oil prices due to tensions with Iran, BTC has shown a slight 24-hour gain of 0.64%. This stability comes after a turbulent start to 2026, with Bitcoin recovering from lows below $63,000 in late June.

The crypto market's steady performance can be attributed to several factors, including the inflow of $265.69 million into U.S. spot Bitcoin ETFs in early July. Improved macro sentiment, driven by softer U.S. economic data and easing inflation fears, also contributed to BTC's upward momentum at that time.

Ethereum (ETH), on the other hand, continues to underperform relative to Bitcoin, trading at $1,624.95 on August 10. A sector-wide pullback in Q2 2026, including a decline of $305.1 billion in stablecoin market cap, may be contributing to ETH's lagging price recovery.