Bitcoin slips below $76,500 as U.S. strikes on Iran send oil above $93
Bitcoin fell 1% since midnight as Brent jumped past $93 and Treasury yields climbed toward 4.8%.
Bitcoin (BTC-USD) and Ethereum (ETH-USD) prices faced a decline on Wednesday, September 2, 2026, as a resurgence of the Iran war shook the market. Bitcoin opened at $77,395.89, falling to $76,597.13, while Ethereum started at $2,417.66, dipping to $2,373.76. The downward trend was triggered by fresh U.S. airstrikes on Iranian targets, leading to retaliatory attacks and rising oil prices, intensifying inflation worries before a significant Federal Reserve meeting.
This energy price pressure may push crypto prices lower, as they don't generate interest income. Bitcoin's all-time high was $126,198.07 in October 2025, while Ethereum's peak was $4,953.73 in August 2025. Crypto taxation applies when selling assets for more than their purchase price or exchanging digital currencies, reporting gains on tax returns.
Understanding timing, income, and holding periods can influence tax liabilities, as short-term holding rates are generally higher.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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