Bitcoin fell to $77,645.56, down 1.2% over 24 hours, after President Trump confirmed US military strikes on Iranian targets near the Strait of Hormuz, warning Iran against retaliation. According to The Kobeissi Letter, US officials confirmed the strikes are underway, sending oil prices surging. Brent crude is nearing $95 a barrel, while US crude prices are climbing toward $90, marking their highest level since July 24. The escalation is weighing on risk assets broadly, with Bitcoin tracking the pullback as investors shift toward caution amid fresh geopolitical uncertainty in a critical oil transit corridor.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
U.S. institutions appear to be selling Bitcoin faster than traders on Binance. As the Coinbase…
Crypto analyst Lark Davis believes Strive could offer greater upside potential than Cardano (ADA), citing…
Render price is gaining momentum as renewed interest in AI-linked cryptocurrencies puts decentralized GPU infrastructure…
South Korea’s KOSPI index crashed 6.5% on 13 October, falling to around 6,002 as investors…
Raoul Pal expects the cryptocurrency market to reach $10 trillion within the next 18 to…
XRP has climbed back above $1.40, a level that has acted as a magnet for…
