Optimism that briefly despatched Bitcoin above $80,600 in a single day evaporated as information broke of Iranian missiles concentrating on a US Navy vessel close to the Strait of Hormuz.
Iran’s state-linked Fars information company mentioned the US Navy vessel ignored warnings from the Revolutionary Guard (IRGC) and was struck by two missiles and compelled to show again.
The allegation comes as President Trump introduced “Challenge Freedom,” a mission set to start Monday to information stranded ships by means of the Strait of Hormuz. US Central Command mentioned it will help the hassle with 15,000 army personnel, greater than 100 plane, together with warships and drones.
Iran’s army warned that US entry into the Strait might set off assaults after the mission was introduced.
Axios reported {that a} senior US official denied the declare that any US vessel was hit.
For the reason that US-Iran battle escalated on February 28 with the launch of Operation Epic Fury, Bitcoin has skilled intense volatility. Whereas the digital asset hit a historic document of $126,186 in late 2025, its post-conflict vary has been outlined by a low close to $60,000 in February and a latest restoration towards psychological resistance at $80,000.
At press time, the main crypto asset was buying and selling close to $79,000 as traders weigh geopolitical dangers towards robust institutional ETF inflows.
Final week, US spot Bitcoin ETFs recorded about $163 million in internet inflows, per Farside Traders. Friday alone introduced in roughly $630 million, making up for sizable outflows earlier within the week.
