Bitcoin briefly hits $80K before dropping amid Iran missile report and U.S. denial

Bitcoin surged past $80,000 for the first time since January but fell back to around $79,000 after reports of an Iranian missile strike on a U.S. patrol boat near Jask Island. The U.S. denied any ship was hit, causing oil prices and equity futures to moderate their initial sharp moves. Despite the geopolitical tension around the Strait of Hormuz, other major cryptocurrencies like Ether, Solana, and Dogecoin remained mostly stable or slightly positive. The situation remains fluid as traders watch for further developments amid ongoing U.S.-Iran tensions and recent regulatory optimism from the Senate's Clarity Act compromise on stablecoin yields.