Bitcoin Unchanged as U.S. Strikes Three Iranian Oil Tankers After Attacks on Warships

Bitcoin remained largely unchanged amid the latest escalation in the U.S.-Iran war, with the U.S. striking three Iranian oil tankers in retaliation for earlier attacks on its warships. However, BTC faces a huge and potentially volatile week ahead with the release of the latest inflation readings.

Bitcoin Holds Steady Amid Latest U.S.-Iran Attacks

In an X post, the U.S. Central Command (CENTCOM) revealed that its forces struck three Iranian oil tankers after Iran launched missiles at two U.S. Navy warships. “Let the message to the IRGC be clear: If you shoot at two of our ships, we will impose an even higher economic cost —taking out three of yours,” CENTCOM commander Adm. Brad Cooper said.

Bitcoin held steady amid these latest attacks, trading just below the psychological $80,000 level. BTC is trading at around $79,800, up less than 1% on the day, according to TradingView data.

Bitcoin had tumbled yesterday following the release of the August U.S. jobs report, which came in way stronger than expected. This boosted bets of a potential Fed rate hike, which could happen as soon as this month’s FOMC meeting.

Fed Governor Chris Waller eased concerns about a September rate hike earlier in the week, saying he was leaning toward holding rates unchanged. However, he noted that the upcoming August inflation readings could sway his decision.