Bitcoin barely moves after Trump vows to hit Iran hard

Bitcoin stood at $79,076 and barely moved after President Donald Trump vowed to hit Iran hard. Bitcoin was unchanged over 24 hours. Bitcoin was also unchanged from its level seven days earlier. Bitcoin rose nearly 30% over the past month. The rise began two weeks ago and marked Bitcoin's best performance in three years. President Trump called the Clarity Act a very, very powerful piece of legislation last week. President Trump urged lawmakers to pass the legislation. The Clarity Act would create a framework for classifying digital assets as securities, commodities, or payment stablecoins. Investors put over $2.8 billion into exchange-traded funds from August 17 to 27. The inflow was the largest since October. Bitcoin reached $81,281 last week before falling on Friday. Analysts said Bitcoin's volatility had been muted in recent months. The United States and Iran began strikes again on Sunday, marking the first strikes in over one month. President Trump told a Fox News reporter on Monday, "We're going to hit them hard."