Bitcoin dips 1.7% amid US-Iran tensions but holds weekly gains; Binance faces US Treasury scrutiny.

Bitcoin fell 1.7% to about $79,600 following military confrontations between the US and Iran in the Strait of Hormuz, though it still posted a sixth consecutive weekly gain. Strategy Inc, a major corporate Bitcoin holder, hinted at selling some Bitcoin to fund dividends, adding downward pressure. Meanwhile, the US Treasury demanded Binance comply with sanctions oversight after allegations of $1 billion in crypto transfers to Iranian-linked parties. Traditional markets showed modest gains, with energy prices rising amid geopolitical tensions, while investors await US employment data for further direction.