Bitcoin Nears $78,312 Amid Potential US-Iran Tensions

U.S. President Donald Trump has indicated potential military action against Iran, as Bitcoin traded close to $78,312. According to NS3.AI, traders are preparing for a risk-off market opening on Monday. Trump is anticipated to convene a Situation Room meeting on Tuesday to assess military strategies concerning Iran. Analysts are concerned that any disturbances in the Strait of Hormuz could increase oil prices, add inflationary pressure, and impact the cryptocurrency market.