Bitcoin falls below $77,000 after Trump confirms new Iran strikes

Bitcoin fell below $77,000 after President Trump confirmed renewed US airstrikes on Iranian targets near the Strait of Hormuz. Trump said the United States was striking the targets. He described the strikes as retaliation for an Iranian attempt to plant sea mines in the strait. Trump said the mines had been completely removed or detonated. Trump said Iran launched eight missiles at a US base in Jordan. Trump said US forces intercepted all eight missiles. Trump warned that an Iranian retaliation would bring a stronger response. Trump said the latest strike was not the largest response planned. US forces had struck launchers on Larak Island a day earlier. Iran then responded against bases in Jordan. Iranian media reported explosions in Qeshm, Bandar Abbas, and other locations in Hormozgan province. Those reports had not been independently verified. Brent crude rose to $94.48 a barrel, up 4.1% on the day. The oil increase raised inflation expectations and reduced the odds of near-term US rate cuts. Bitcoin fell more than 1.3% to 2% during the session. Bitcoin had closed Monday near $78,500 to $78,900. Bitcoin remained roughly 29% below its October 2025 all-time high above $126,000. Similar escalations since the US-Iran conflict began in late February had triggered Bitcoin selloffs. Those selloffs had at times pushed Bitcoin below $77,000 and toward $62,000. Spot ETFs continued to provide institutional support. Speculative capital remained sensitive to conflict headlines.