Bitcoin Slides Below $77,000 After Trump Confirms New Strikes on Iran

Bitcoin lost the $77,000 level on Tuesday, September 2, after President Trump confirmed renewed US airstrikes on Iranian targets near the Strait of Hormuz.

The token hit $80,000 just 3 days ago after the US Treasury triggered a sudden bull run. Is that momentum disappearing again?

Trump Confirms New Strikes, Threatens a Larger Response

Trump posted on Truth Social that "the United States is, as we speak, striking Iranian targets near the Strait of Hormuz."

He described the strikes as large and powerful, framing them as retaliation for a failed Iranian attempt to plant sea mines in the strait, which he said have since been completely removed or detonated.

He also cited eight Iranian missiles launched at a US base in Jordan, all of which he said were intercepted. Trump warned that any Iranian retaliation would trigger a response at a much harder, higher level, adding that this is not the biggest strike, which is waiting in the wings.

The announcement follows US strikes on launchers on Larak Island a day earlier, with Iran responding against bases in Jordan.

Iranian media reported explosions in Qeshm, Bandar Abbas, and other locations across Hormozgan province. These claims, made by one side of an active conflict, have not been independently verified.