Crypto Overview: US-Iran tensions weigh on Bitcoin – FIL, UNI lead gains

• Bitcoin extends losses below $77,000 on Wednesday, as bullish momentum eases. 
• The US and Iran carried out a new round of military strikes on Tuesday, renewing geopolitical tensions.
• Filecoin and Uniswap emerge as top performers over the last 24 hours.

Bitcoin (BTC) is trading below $77,000 on Wednesday, extending losses amid renewed risk-off sentiment, with the US and Iran trading new military strikes the previous day. Filecoin (FIL) and Uniswap (UNI) have emerged as top performers over the last 24 hours.

The US and Iran tensions heat up again

The US Central Command (CENTCOM) carried out fresh strikes against Iran’s Islamic Revolutionary Guard Corps (IRGC) targets early on Wednesday, as previously reported by FXStreet. Renewed US-Iran tensions have lifted the West Texas Intermediate (WTI) to $91.00 at press time. 

Bitcoin returns to key support level as momentum eases

Bitcoin trades at $76,799 on Wednesday, maintaining a constructive bullish bias as the price holds well above the 50-, 100-, and 200-day Exponential Moving Averages (EMAs), which are clustered between roughly $69,221 and $72,397.

The recent pullback in the Relative Strength Index (RSI) from overbought readings to about 63 on the daily chart, along with the Moving Average Convergence Divergence (MACD) slipping below its signal line, hints that upside momentum is cooling.