Bitcoin Slumps Amid Iran Tensions and Chip Selloff

Bitcoin's price dropped by 2.1% on July 28, 2026, due to concerns about a potential U.S.-Iran conflict and a selloff in chip stocks.

The U.S. President told Axios that he had paused strikes on Iran to allow for negotiations but could return to expanded military action if talks fail.

This sparked investor uncertainty, with money markets pricing a 64% chance of the Federal Reserve holding interest rates steady and a 36% chance of a 25 basis-point rate rise.