Bitcoin Trades Near $77,400 Following U.S. Military Strikes in Iran

The U.S. military announced on Monday that it conducted self-defense strikes in southern Iran. According to NS3.AI, this development coincided with Bitcoin trading around $77,400. In early trading, Brent crude oil prices fell below $100, U.S. futures rose, 10-year Treasury yields decreased, and the dollar spot index remained relatively unchanged. The CME FedWatch tool indicated a 56% probability of a Federal Reserve rate hike by December. Additionally, Farside reported a -$105.2 million total for U.S. spot Bitcoin ETFs on May 22.