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30/04/26 02:46 UTC-04

Bitcoin falls below $76K amid fears of conflict with Iran

Cryptocurrency Cryptocurrency
Cryptocurrency Bitcoin falls below $76K amid fears of conflict with Iran

Bitcoin declined on Thursday, falling below $76,000 as escalating geopolitical tensions in the Middle East and inflation concerns weakened global risk appetite.

The world’s largest cryptocurrency traded around $75,700, down approximately 1–2% over the past 24 hours.

Bitcoin dropped to $75,337.4 on Thursday after hovering near $78,000 in the previous session.

Renewed US-Iran tensions and rising oil prices weigh on markets

Sentiment deteriorated after Axios reported that U.S. President Donald Trump is set to receive a briefing on new military options against Iran, highlighting the risk of further escalation in an already unstable Middle East conflict.

The report noted that Washington is considering additional steps to break the current deadlock, with policymakers increasingly focused on both military and energy implications.

Oil prices surged in response. Brent crude jumped above $125 per barrel, reaching a four-year high amid ongoing supply disruptions through the Strait of Hormuz — a critical global oil transit chokepoint.

A separate report by The Wall Street Journal stated that the U.S. is urging allies to form a coalition to restore operations in the Strait of Hormuz.

Fed signals inflation risks amid divided decision

The macro backdrop became even more complex following the Federal Reserve’s latest decision, where policymakers held interest rates steady but delivered one of the most divided outcomes in decades.

The decision exposed disagreements over the Fed’s retained “dovish bias.” Three regional Fed presidents opposed the wording that implicitly signals future rate cuts, arguing it is inappropriate given inflation remains above target and risks are skewed to the upside.

Fed Chair Jerome Powell warned that inflation has not yet peaked and acknowledged growing internal pressure to shift toward a more neutral stance. He also confirmed he will step down as chair next month but will remain a member of the Board of Governors.

Crypto prices today: altcoins fall, Ethereum drops 3%

Most altcoins declined on Thursday, extending losses amid cautious sentiment.

The world’s second-largest cryptocurrency Ethereum fell 3.2% to $2,250.65.

The third-largest cryptocurrency XRP dropped 1.6% to $1.37.

Solana fell 2%, Cardano declined 1%, while Polygon rose 1%.

Among meme tokens, Dogecoin gained 1.1%.

See also: "Bitcoin Rises to $77,000 Ahead of Fed Decision as Trump Prepares for Prolonged Strait of Hormuz Blockade"

#Bitcoin (BTC) #Price drop

Editor: Yuliya Soroka
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