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Bitcoin experienced a notable decline on Monday as heightened geopolitical tensions between the United States and Iran concerning the Strait of Hormuz prompted investors to retreat from risk-on assets including cryptocurrencies.

 

Bitcoin traders are on high alert ahead of the June US Consumer Price Index release on July 14, with BTC trading near $62,000 after months of sharp volatility.

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Nearly $300 million in seized Bitcoin and Ethereum was transferred by the US government to Coinbase Prime, which quickly drew attention due to the administration's Strategic Bitcoin Reserve policy.

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The U.S. government transferred nearly 4,000 bitcoin to Coinbase Prime on July 13, raising questions about whether the roughly $250 million movement reflected custody management, administrative consolidation, or preparations for a sale. Why Did Nearly 4,000 Government-Held Bitcoin Move on July 13? Arkham Intelligence data showed U.S.