The U.S. carried out its third strike on Iran this week, while Tehran reportedly moved to shut the Strait of Hormuz once again.

Bitcoin traded near $63,800 on Saturday after the latest escalation, as Iran declared the key shipping route closed “until further notice.” The cryptocurrency slipped about 0.3% over the past day but remained roughly 2% higher for the week.

Tracking data showed limited vessel movement through the Strait of Hormuz during Asian hours on Sunday, though activity remained well below typical levels in the strategic waterway.

U.S. Central Command said the strikes were ordered by President Donald Trump and aimed at weakening Iran’s ability to target commercial shipping, following an attack on a Cyprus-flagged container vessel. Iranian state media reported explosions along the southern coast, including major energy hubs such as Bushehr and Asalouyeh, as well as port cities like Bandar Abbas and Bandar-e Dayyer.

Ether was similarly steady, trading around $1,800 and also up about 2% on the week. Among major tokens, Solana lagged at $76, down 5% over seven days, while XRP dipped to $1.09 and dogecoin eased to around $0.07. Daily price moves across the market were relatively minor.

This muted reaction has become more common. When Iran previously closed the Strait of Hormuz in early March, Brent crude surged past $100 per barrel for the first time in four years and later approached $120, while bitcoin saw sharp declines during each escalation.

Timing plays a role. With oil, equities, and bond markets closed over the weekend, bitcoin remains one of the few major assets trading continuously—and so far, it is treating the developments as largely insignificant.

A broader market response, particularly in oil, may not be evident until trading resumes on Monday. Roughly one-fifth of global seaborne oil passes through the Strait of Hormuz, and Brent crude had already priced in some geopolitical risk ahead of the weekend as tanker traffic stayed below normal.

The key moment will come when markets reopen. A sharp rise in oil alongside stable bitcoin prices could highlight diverging market reactions, while a calmer oil response may suggest traders view the closure as a recurring threat rather than a lasting disruption.