Crypto Prices

Bitcoin briefly tops $80,000 before retreating on Iran tensions

4 Mwezi wa tano, 2026 Imeripotiwa na AI Picha iliyoundwa na AI

Bitcoin surged above $80,000 for the first time since January during early Asian trading on May 4, 2026, reaching highs around $80,600. The cryptocurrency later pulled back to around $79,000 following reports of an Iranian missile strike on a U.S. warship, which the U.S. denied. Geopolitical risks near the Strait of Hormuz overshadowed strong ETF inflows supporting the rally.