Bitcoin slipped to around $63,900 on Monday, reversing weekend gains as rising oil prices hit risk appetite across global markets.
Oil jumped nearly 5% after Iran ruled out direct talks with the U.S. and said the Strait of Hormuz would only fully reopen if Washington met specific conditions. That sent traders toward safe-haven assets like the dollar, pulling crypto and stocks lower.
Iran’s deputy speaker Ali Nikzad stated the Strait’s opening “has no military solution.” U.S. WTI crude climbed to around $80.90 per barrel on the day.
BTC/USD hit a low of $64,447 on Bitstamp before the updated price settled near $63,900, its weakest level since Friday.
Analyst Daan Crypto Trades flagged $64,000 as a critical level for Bitcoin. He noted it aligns with the 4H 200MA, Monthly VWAP, and Weekly 200MA — calling it a key confluence zone. He warned that a close below $64K could hand bears control of short-term price action.
$BTC Big level here on the day.
Lots of confluence with a lot of levels that would determine where the momentum is headed in the short to mid term.
🔸.382 Fib Retracement level from August move
🔸4H 200MA & EMA
🔸Monthly VWAP
🔸Highest volume area from past weeks
🔸Weekly 200MA… pic.twitter.com/oNNORX3G52— Daan Crypto Trades (@DaanCrypto) August 10, 2026
Strategy sold 1,690 BTC for roughly $108.6 million between August 3 and August 9, at an average price of $64,262 per coin. The sale was disclosed in an SEC filing on Monday.
The company now holds 840,447 BTC, valued at approximately $54.7 billion. Strategy’s average purchase price across all holdings is $75,385 per coin, meaning it is currently sitting on paper losses.
Strategy increased its USD Reserve by $650M and repurchased $109M of $STRC. This increased USD Duration by 143 days to 2.7 yrs and tightened STRC's BTC Credit by 10 bps. As of 8/9/26, we hold ₿840,447 in our BTC Reserve and $4.65B in our USD Reserve. $MSTR…
— Michael Saylor (@saylor) August 10, 2026
Strategy also sold 6,585,682 shares of MSTR stock last week, raising $653.1 million. Proceeds helped repurchase preferred shares and boosted its cash reserve to $4.65 billion as of August 9.
Despite the price dip, institutional demand held up. US spot Bitcoin ETFs pulled in $865.3 million in net inflows last week, according to Farside Investors.
Glassnode noted spot taker buying has accelerated, but called the recovery “tentative.” It said exchange turnover remains low, pointing to consolidation rather than broad speculative activity.
CryptoQuant CEO Ki Young Ju flagged that hedge funds have flipped net long on CME BTC futures — a rare move. He said: “The suits are betting on upside.”
Traders are now watching U.S. CPI data on Wednesday and PPI on Thursday for clues on whether the Fed will raise rates in September. Higher rates typically pressure speculative assets like Bitcoin.
The post Bitcoin (BTC) Price: Falls to $63,900 as Oil Surge and Iran Tensions Weigh on Markets appeared first on CoinCentral.
