Bitcoin Stays Weaker as Iran Conflict Weighs -- Market Talk

Dow Jones

03/11

1202 GMT - Bitcoin remains under pressure along with other cryptocurrencies as the Middle East conflict shows no signs of abating. U.S. officials said Iran placed mines in the Strait of Hormuz in recent days, leading President Trump to threaten escalating attacks. The news lifts oil prices and dents risk appetite. Oil prices had pulled back earlier after the WSJ reported that the International Energy Agency has proposed the largest-ever release of oil reserves and following a now-deleted social media post from Energy Secretary Chris Wright saying the U.S. escorted an oil tanker through the Strait of Hormuz. Bitcoin falls 1.1% to $69,478, LSEG data show. Ether drops 1.1% to $2,022. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

March 11, 2026 08:02 ET (12:02 GMT)

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