{"id":225562,"date":"2026-09-10T16:31:42","date_gmt":"2026-09-10T16:31:42","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=225562"},"modified":"2026-09-10T16:31:42","modified_gmt":"2026-09-10T16:31:42","slug":"bitcoin-suffers-on-renewed-us-iran-fighting","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=225562","title":{"rendered":"Bitcoin Suffers On Renewed US-Iran Fighting\u00a0"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Suffers On Renewed US-Iran Fighting\u00a0<\/a><\/p>\n

<\/div>\n

Bitcoin\u2019s price slid on Thursday after the price of oil shot over $105 a barrel thanks to renewed tensions in the Middle East.\u00a0<\/p>\n

The biggest and oldest cryptocurrency was recently trading<\/a> for $77,208 after sliding as low as $76,748 \u2014 down more than 2% over the past day.\u00a0<\/p>\n

Its dip came after Iran signaled that it had no intention of backing down against U.S. forces. The two countries earlier this week stepped up attacks in some of the heaviest fighting since the war started in February.\u00a0<\/p>\n

Tehran-backed Houthis in Yemen this week hit<\/a> Saudi Arabian assets, also pushing the price of oil up.\u00a0<\/p>\n

War in the Middle East pushes oil prices higher and makes the chances of interest rate cuts lower because of inflation. Bitcoin has typically performed well in a low interest rate environment and has experienced sell-offs when the Federal Reserve pivots to hawkishness.\u00a0<\/p>\n

The U.S. is currently in the grips of an affordability crisis and rising oil prices are a hot topic ahead of the midterm elections. U.S. President Donald Trump has reassured voters that prices will get under control.\u00a0<\/p>\n

Federal Reserve Chair Kevin Warsh said at his first speech as leader of the central bank and said that inflation in the world\u2019s largest economy had not come down enough.\u00a0<\/p>\n

Traders are now pricing in an interest rate hike next week when the bank meets.\u00a0<\/p>\n

Still,\u00a0 bitcoin had one of its best runs in August after the U.S. Treasury said it would at least double the size of its liquidity-support buyback operations, in response to surging borrowing costs.\u00a0<\/p>\n

The announcement hurt the dollar but non-yielding assets like bitcoin and gold have benefited.\u00a0<\/p>\n

Despite previously trading in line with risk-on assets like tech stocks, bitcoin has this year traded more in tandem with gold as the so-called debasement trade<\/a> becomes hot again.\u00a0<\/p>\n

Investors have bought the largest cryptocurrency \u2014 along with the precious metal \u2014 to hedge against the dollar\u2019s decline.\u00a0<\/p>\n

This post Bitcoin Suffers On Renewed US-Iran Fighting\u00a0<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Suffers On Renewed US-Iran Fighting\u00a0 Bitcoin\u2019s price slid on Thursday after the price of oil shot over $105 a barrel thanks to renewed tensions in the Middle East.\u00a0 The biggest and oldest cryptocurrency was recently trading for $77,208 after sliding as low as $76,748 \u2014 down more than 2% over the past […]<\/p>\n","protected":false},"author":0,"featured_media":225563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-225562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/225562"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=225562"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/225562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/225563"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=225562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=225562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=225562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}