Live updates: Bitcoin flat near $63,500; lapsing US-Iran ceasefire revives the oil threat

Shipping through the Strait of Hormuz has nearly stopped after the 60-day US-Iran truce lapsed without a new agreement, according to the live CoinDesk report. The development revives concern about disruption to energy flows and a renewed oil-price shock, a risk that has capped crypto through the summer. Bitcoin was trading near $63,500 at the time of the report.

The direct link to crypto runs through macro conditions rather than a company-specific catalyst: a stronger oil shock could revive inflation concerns and reduce appetite for risk assets, while Bitcoin remains sensitive to shifts in liquidity and broader market positioning. At the same time, the report says ETF flows are quietly turning, introducing a potentially supportive demand signal that offsets part of the geopolitical pressure.

The next evidence will come from the extent and duration of the shipping disruption, any movement toward a replacement agreement, and whether the oil market reacts materially. ETF-flow persistence will also matter; the report establishes a change in direction but provides no flow figure or duration.