BTC sees a sharp 15-minute drop of 0.41%: Escalation in the US-Iran conflict, along with oil breaking above $100, puts pressure on the market

From 13:45 to 14:00 (UTC) on July 24, 2026, BTC saw a sharp drop of 0.41% within 15 minutes, trading in the $63,916.2–$64,434.7 USDT range, with a range (amplitude) of 0.80%. Geopolitical risk has surged sharply, with a clear increase in risk-hedging sentiment; price is trading in the lower part of the day.

The main driver behind this move is the continued escalation of the military conflict between the U.S. and Iran. For the 13th consecutive night, the U.S. military carried out airstrikes on Iran’s military command centers, drone storage facilities, and communications networks. At the same time, Iran has threatened to block the Strait of Hormuz, causing geopolitical risk to spike. Hedging capital has rapidly flowed into the U.S. dollar and U.S. Treasuries, putting broad pressure on risk assets.

Meanwhile, crude oil prices breaking above $100 per barrel is adding to market concerns. Attacks on oil tankers in the Red Sea, combined with the potential risk of a blockade of the Strait of Hormuz, pushed Brent crude above a key round-number level, further strengthening inflation expectations. Natixis economists expect the Fed to keep interest rates unchanged throughout 2026; a stronger dollar and rising U.S. Treasury yields create a dual drag on BTC. In addition, the Dow Jones Index saw selling pressure, Tesla’s earnings missed expectations, and overall risk appetite cooled, indirectly weighing on crypto market sentiment. Multiple factors converged, amplifying volatility.

Technically, on the 15-minute timeframe, moving averages have turned bearish, and ADX is at 30.15, indicating that the short-term downtrend has some momentum. Traders should watch support at the $64,000 round-number level; a breakdown could open further downside room. Investors need to continuously monitor Brent crude oil price trends, the DXY, and changes in U.S. Treasury yields, and be cautious of the risk of sharp price swings in a low-liquidity environment.