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Iran missile report sends bitcoin back to $79,000, with ETH, SOL, DOGE sharply lower

CoinDesk
Bitcoin dropped to $79,000 following unverified reports of an Iranian missile strike on a U.S. warship, triggering geopolitical market uncertainty.

Summary

Bitcoin fell from an intraday high of $80,594 to $79,000 after Iran's Fars news agency alleged that missiles struck a U.S. patrol boat near Jask Island. Although the U.S. government denied the report and oil prices corrected, the cryptocurrency market remained cautious due to heightened tensions in the Strait of Hormuz. The incident occurred shortly after President Donald Trump announced 'Project Freedom' to escort ships through the region, leading to a volatile trading environment for major assets like ETH, SOL, and DOGE.

(Source:CoinDesk)