The US military's decision to launch fresh strikes against Iranian targets in the Strait of Hormuz has sent shockwaves through global markets.
The incident marks the latest escalation in a conflict that has been ongoing since February 2026, when joint US-Israeli airstrikes hit Iranian targets. The recent strike is believed to be a response to what the US military has characterized as aggressive Iranian maneuvers.
Bitcoin prices have dropped in response to the news, with investors facing a new wave of volatility. The cryptocurrency's price has fallen below $61,000, reflecting a roughly 2% immediate decline.