Bitcoin Price Drops Amid US-Iran Conflict Tensions

Bitcoin's price has dropped by 1.2% to $77,645.56 over the past 24 hours following US military strikes on Iranian targets near the Strait of Hormuz. The escalation in tensions has sent oil prices surging, with Brent crude nearing $95 a barrel and US crude climbing toward $90, its highest level since July 24.

According to US officials, the strikes are underway, warning Iran against retaliation. The move is weighing heavily on risk assets broadly, with Bitcoin tracking the pullback as investors become increasingly cautious amid fresh geopolitical uncertainty in a critical oil transit corridor.