Bitcoin (BTC) Price: Iran Fires Missiles, Oil Jumps Past $90, and BTC Slides to $77K - What’s Next?

TLDR

• Bitcoin dropped over 2% to a low of $77,161 after Iran launched ballistic missiles at US bases in retaliation for US strikes on Larak Island
• Oil prices jumped more than 2%, with Brent crude trading above $90 per barrel
• The 10-year US Treasury yield hit 4.76%, its highest since January 2025
• Bitcoin futures open interest on CME, Binance, and Hyperliquid rose in recent hours despite the price dip
• Polymarket bettors give a 68% probability that BTC reaches $85,000 by December 31, 2026

Bitcoin fell sharply on Monday as geopolitical tension between the US and Iran rattled financial markets. The price dropped more than 2% to a low of $77,161 before recovering slightly to around $77,813.

The sell-off came after US forces struck two IRGC missile launchers on Larak Island in the Strait of Hormuz. Iran responded by launching ballistic missiles at multiple US military bases across the Middle East. Fox News reported that nearly all incoming missiles were intercepted and no major damage was recorded.

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