Crypto slides on renewed inflation fears as US–Iran hostilities lift oil
Bitcoin fell 3.3% to $62,049 on July 13 as a low-volume rally dissolved. Meanwhile, Morgan Stanley has quietly bought nearly 1,000 BTC on the dip.
Bitcoin fell 3.3% to $62,049.20 by early evening on Monday, July 13, as an early-week rally on thin volume dissolved into a sharp decline. Strong price openings backtracked through the morning.
The driver was macro. Renewed U.S.–Iran hostilities pushed oil higher and added to inflation worries, and hotter inflation raises the odds that the Federal Reserve hikes rather than cuts — historically a headwind for high-risk assets like crypto.
One bright spot came from institutions: Morgan Stanley accumulated nearly 1,000 BTC over the past two weeks by buying the dip, lifting its total holdings above 5,700 BTC.
Bitcoin remains range-bound between $60,000 and $65,000 on declining volume — a coiled setup traders expect to resolve sharply in one direction or the other.