16:22 - 13.07.2026

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July 13, Fineko/abc.az. Rising oil prices, triggered by new US strikes on Iran, as well as renewed concerns about inflation, led to a drop in Bitcoin and other cryptocurrencies during the Asian session.

As of 08:45 on Baku time, the main cryptocurrency fell by 2.4%, to $62,600. This move pushed the Bitcoin price below the 200-week moving average, which in technical analysis can signal a prolonged bearish trend. The second-largest token, Ether, lost 2.5%. Richard Galvin, the head of crypto investment company DACM, noted that the wave of sell-offs followed the weakening of US stock futures and the surge in oil prices amid the Middle East crisis.