Bitcoin Hovers Near $77K Amid US Economic Push Against Iran

The Bitcoin price has remained above $77,000 despite US Treasury Secretary Scott Bessent's announcement of an economic push against Iran.

Bessent described the move as an 'economic D-Day,' stating that it would target the financial lifelines supporting the Iranian government. The measures may include secondary sanctions on foreign banks and firms doing business with Iran, which could further lower oil prices.

Oil prices have indeed fallen to $85 per barrel since the announcement, but Bitcoin has continued to hold steady near $77,150. Analysts expect the crypto market to keep climbing, with a 68% chance of reaching $85,000 by December 31, 2026, according to prediction market data.