Bitcoin fell below the $77,000 level on Tuesday, September 2, after President Trump confirmed renewed US airstrikes on Iranian targets near the Strait of Hormuz. Brent crude oil surged above $94 per barrel, fueling inflation concerns and reducing the odds of near-term US interest rate cuts. Bitcoin lost between 1.3% and 2% during the session, moving further away from its all-time high above $126,000 set in October 2025, which it has yet to reclaim despite the early September rally.
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