Bitcoin briefly topped $80,600 overnight before retreating as news broke of Iranian missiles targeting a US Navy vessel near the Strait of Hormuz.
Iran's state-linked Fars news agency claims the US vessel ignored warnings from the Revolutionary Guard and was struck by two missiles, forcing it to turn back. A senior US official denies any vessel was hit.
President Trump announced "Project Freedom," a mission to guide stranded ships through the Strait, set to begin Monday. US Central Command says it will deploy 15,000 personnel, 100 aircraft, warships, and drones in support.
Iran warns entry by US forces could trigger attacks.
Since late February's Operation Epic Fury, Bitcoin has seen extreme volatility, hitting a record $126,186 in late 2025. The post-conflict range: a low near $60,000 to a recent recovery toward $80,000. Bitcoin now trades near $79,000.
Last week, US spot Bitcoin ETFs saw $163 million in net inflows, with $630 million on Friday alone.