{
  "id": 4678719,
  "title": "Bitcoin Holds Steady as US Strikes on Iran Rattle Stocks and Lift Oil",
  "url": "https://urgent.news/2026/08/31/bitcoin-holds-steady-as-us-strikes-on-iran-rattle-stocks-and-lift-oil-4678719",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T16:55:46.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/crypto/articles/bitcoin-holds-steady-us-strikes-165546239.html"
  },
  "original_language": "en",
  "account": "Bitcoin maintained its position above $78,000 at the start of the week, despite fresh U.S. military strikes on Iran driving oil prices up and causing stocks to fall. The leading cryptocurrency finished Monday at $78,623, down just 0.7% in 24 hours, after falling to a low of $77,162 intraday. While Bitcoin's stability stands out amid a volatile backdrop for other assets, its performance is notable. The weekend saw the first U.S.-Iran exchange of military strikes since late July, sparking concerns about shipping through the Strait of Hormuz and driving crude prices higher. West Texas Intermediate futures rose 2.6% to about $85.60 per barrel, while the S&P 500 fell 0.5% to around 7,673, and the Nasdaq Composite dipped 0.4% near 26,289.\n\nIliya Kalchev, an analyst at Nexo Dispatch, highlighted Bitcoin's resilience as a more compelling indicator. He noted that a hawkish Federal Reserve and geopolitical tensions seldom affect risk assets in the same week, and argued that Bitcoin's ability to stay strong amid both simultaneously is more significant than the August gain itself. Derivatives data indicated traders were reallocating resources rather than adding new capital, with 24-hour trading volume more than doubling to $183 billion, while open interest remained roughly unchanged. Fed Chair Kevin Warsh's hawkish remarks at the Jackson Hole conference raised the odds of a September rate hike to around 58% from about 35% before his speech. This rate hike outlook, combined with the firmer rate expectations, caused gold to decline slightly to near $4,440, as the stronger interest rate environment reduced its appeal as a safe haven asset.\n\nBitcoin's August rally temporarily stalled late in the week due to Warsh's comments, and spot Bitcoin ETFs ended a nine-day inflow streak, even as Ethereum funds continued to draw capital. Ethereum traded near $2,448 on Monday, down slightly but on track for a monthly gain of approximately 30%. As the week draws to a close, focus shifts to the U.S. jobs report and the August Consumer Price Index (CPI) reading, due for release on September 11.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Decrypt",
        "title": "Bitcoin Holds Steady as US Strikes on Iran Rattle Stocks and Lift Oil",
        "url": "https://urgent.news/2026/08/31/bitcoin-holds-steady-as-us-strikes-on-iran-rattle-stocks-and-lift-oil",
        "published": "2026-08-31T16:55:46.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}