Bitcoin fell below $78,000 during Tuesday's Wall Street open as renewed Middle East tensions pressured risk assets. TradingView data showed BTC/USD reaching $77,600 before a modest rebound, its lowest level since Sept. 3. The S&P 500 and Nasdaq Composite were down 0.5% and 0.4%, respectively, while WTI crude surged toward $95 per barrel and Brent crude approached $100. The Kobeissi Letter said record US diesel prices were adding to inflation expectations ahead of Friday's Consumer Price Index (CPI), an inflation gauge. US president Donald Trump said oil prices would eventually fall below $2 per gallon after victory in the war with Iran. Trader and analyst Rekt Capital compared the current setup with Bitcoin's failed May breakout and said a weekly close below $78,300 followed by a bearish retest could confirm a breakdown, leaving the 2026 bear market intact.