Bitcoin dipped toward $62,600 on July 13, 2026. President Trump declared that the United States would act as the guardian of the Hormuz Strait. A 20 percent fee on all cargo was announced. The move aimed to cover security costs. Bitcoin therefore reacted quickly to the statement.
The broader crypto market lost more than $20 billion the same day. Oil prices rose about 4 percent at the same time. Brent crude reached above $79 per barrel. These shifts occurred together during renewed US-Iran tensions. Bitcoin therefore stayed under pressure.
Bitcoin Shows Quick Reaction
Bitcoin slipped as the announcement about the strait spread through markets. The digital asset had been trading higher before the statement. As a result, traders moved to reduce exposure quickly. Bitcoin therefore recorded the noted drop toward $62,600.
The same announcement also triggered selling across other cryptocurrencies. Market participants cited the sudden policy remarks as the main driver. In addition, oil’s 4 percent gain drew attention away from risk assets. Bitcoin consequently remained under pressure for the session.
Reports from the period highlighted the speed of the reaction. Bitcoin fell alongside equities and other tokens. The total crypto market loss exceeded $20 billion within hours. Bitcoin’s move therefore mirrored the wider risk-off tone.
Notably, the decline happened on July 13, 2026. Renewed fighting between the US and Iran formed the background. Bitcoin therefore responded to both the fee plan and the blockade. However, the exact scale of selling varied by exchange.
Traders watched the strait announcement closely that day. Bitcoin moved lower as details emerged about the 20 percent fee. The blockade on Iranian ships added further uncertainty. Bitcoin therefore continued its downward path for several hours.
Oil and Shipping Routes Shift Focus
Oil prices climbed roughly 4 percent after the same announcement. Brent crude crossed $79 per barrel as tensions rose again. The fee plan and blockade on Iranian ships added to the uncertainty. Oil therefore benefited from the immediate supply concerns.
DP World began work on a new multipurpose port in Fujairah. The location sits outside the Strait of Hormuz. Jebel Ali port had already seen a 97 percent drop in container traffic. Daily volume fell from about 40,000 containers to roughly 1,000 containers. The sharp decline occurred during the recent conflict.
The new port project aims to reduce reliance on the strait route. Dubai’s flagship facility faced the steepest losses. As a result, operators looked for alternative capacity outside the affected area. The shift illustrates how shipping plans can change rapidly.
Meanwhile, the 20 percent fee drew attention from shipping firms. The blockade targeting Iranian ships formed another key part of the plan. Oil therefore saw support from the overall tension. However, bitcoin remained the focus for many market watchers.
Further details appear in coverage from BeInCrypto. The report ties bitcoin’s move directly to the Hormuz statements. Oil and port developments are also covered in the same account. Bitcoin therefore remains part of the wider story on that date.
In addition, the events unfolded on a single day. Bitcoin dipped toward $62,600 amid the announcements. The crypto market loss exceeded $20 billion. Oil rose 4 percent with Brent above $79 per barrel. These outcomes followed the US guardian role declaration and the 20 percent fee plan.
