Bitcoin holds steady despite U.S. strikes on Iran, on track for best month since November 2024 with 24% gain
Bitcoin is holding around the $78,000 level, showing resilience even as the first U.S. strikes against Iran in weeks sent oil prices higher and stocks lower. The cryptocurrency has gained over 24% in August, marking its best monthly performance since November 2024. Brent crude jumped above $90 per barrel following the strikes, adding to inflation concerns after Fed Chair Kevin Warsh's hawkish Jackson Hole speech lifted the probability of a September rate increase to 58%.
Source:CoinDesk · Source Link
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