The largest crypto reversed sharply from a $80,594 high after Iran's Fars news agency claimed two missiles hit a U.S. warship, with oil spiking 5% before the U.S. denied the report.
What to know : Bitcoin briefly topped $80,000 for the first time since January before sliding to about $79,000 after reports of a suspected Iranian missile strike on a U.S. patrol boat near Jask Island. The U.S. denied that any of its ships were hit, prompting oil and equity futures to pare sharp initial moves even as bitcoin held its decline amid renewed geopolitical tensions around the Strait of Hormuz. Other major cryptocurrencies remained higher on the day, with ether, Solana, XRP, BNB and dogecoin all up or only slightly lower, as traders weighed the Iran-U.S. standoff and recent regulatory optimism from the Senate’s Clarity Act compromise on stablecoin yields.
