The Bitcoin today on July 14, 2026, is up 1% near US$ 63.300 after escalating tensions in the Middle East once again pressured global markets. The world's largest cryptocurrency lost support at US$ 62 thousand overnight, fell as low as the US$ 61,8 thousand region, and recovered part of its losses throughout the day. Meanwhile, PI Coin extended its downward movement and set a new all-time low.
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In recent days, the market had already been facing strong volatility after the large Bitcoin movement announced by Strategy. BTC initially fell from the US$ 64 thousand range to around US$ 61,2 thousand, but surprised by quickly recovering the lost ground and trading again near US$ 64,6 thousand just a few hours later.
The recovery, however, lost strength amid rising tensions between the United States and Iran. Growing geopolitical uncertainty increased investor caution and triggered a new wave of selling in the cryptocurrency market.
As a result, Bitcoin fell again to approximately US$ 61,6 thousand before finding support. During the weekend, the cryptocurrency managed to recover part of its losses and returned to the US$ 64 thousand range, although it was unable to break through the resistance near US$ 64,6 thousand again.
Pressure increased again after the current president of the United States, Donald Trump, reestablished the U.S. Navy blockade in the Strait of Hormuz. The decision raised concerns about international trade and contributed to another drop in Bitcoin to US$ 61,8 thousand. Since then, the asset has reacted and recovered about one thousand dollars, but it still accumulates a devaluation of approximately 3% in the month.
Even with this partial recovery, Bitcoin's market capitalization remains below US$ 1,26 trillion, while its share of the cryptocurrency market remains close to 56,7%.
Among altcoins, PI Coin continues to be one of the worst-performing assets in the market. After being rejected in the US$ 0,30 region in March, the cryptocurrency went through successive declines and is now trading just above US$ 0,07, setting a new historical floor.
DEXE also posted significant losses and gave back part of its recent strong gains. In the opposite direction, HASH advanced about 25%, reaching approximately US$ 0,0095, while BDX posted gains close to 10%.
Among the leading cryptocurrencies, Ethereum (ETH), XRP, Solana (SOL), TRON (TRX), Dogecoin (DOGE), RAIN, and Stellar (XLM) posted losses of up to 2%. Meanwhile, HYPE, Zcash (ZEC), and XLM led the day's declines, with drops of more than 3%.
As a result of the selling movement, the total cryptocurrency market capitalization shrank by more than US$ 20 billion and fell back below US$ 2,22 trillion.