Bitcoin drops over 1% as U.S. strikes on Iranian targets pressure risk assets

  • Bitcoin fell more than 1% after heightened U.S. strikes on Iranian targets pressured risk assets.
  • $76,599.67 was Bitcoin’s quoted price, with trading around $76,500.
  • Brent crude exceeded $93, while WTI approached $90 as the conflict escalated.

Bitcoin was trading around $76,500 after falling more than 1% since midnight UTC and 3% over seven days. Heightened U.S. strikes on Iranian targets pressured risk assets, while Brent crude moved above $93 a barrel and West Texas Intermediate neared $90. The Dollar Index rose 0.13%, the 10-year Treasury yield approached 4.8% on concerns about inflation from higher energy costs, and futures on the Nasdaq 100 and S&P 500 fell 0.31% and 0.11%, respectively.

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Bitcoin drops over 1% as U.S. strikes on Iranian targets pressure risk assets - CoinPost Terminal