Alpha Edge Crypto
๐จ BTC Update, July 8, 2026
๐ฐ Price: Down to ~$62,000 ๐ Sharp pullback from yesterday's $63K+ levels.
What happened: The US struck Iranian targets after Iran fired on non-military ships in the Strait of Hormuz. ๐ฎ๐ท๐บ๐ธ Risk-off hit crypto hard overnight, ETH dropped even harder, down to ~$1,742.
Context: Weak US jobs data had been lifting crypto this week on Fed rate cut hopes ๐ฆ, geopolitics just overrode that.
โ ๏ธ Verdict: Action needed. This isn't routine volatility, it's a live escalation. Tighten stops if leveraged. Talks were already paused (Iran's leader's funeral period), so de-escalation looks unlikely short-term. ๐ป
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