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Bitcoin Tumbles Amid Escalating US-Iran Tensions and Rising Oil Prices

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Bitcoin's price fell to USD 76,926.53 due to escalating US-Iran tensions and rising oil prices after the US strikes on Iranian targets near the Strait of Hormuz.

The threat of disruption in the region pushed Brent crude toward USD 95 a barrel, its highest level in about 40 days.

Crypto markets also felt the pressure with Ethereum down 3.0% to USD 2,395.12 and XRP falling 3.7% to USD 1.33.

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