Bitcoin extended its losses, falling to around 69,000 dollars after reports emerged that the Pentagon is preparing a major military operation against Iran if negotiations fail.
According to reports cited by Axios and The Kobeissi Letter, the United States is considering a strategy that could involve ground troops alongside a large scale bombing campaign.
The reported plan includes several phases. It begins with targeting Kharg Island, a key hub that handles the majority of Iran’s crude oil exports. The next step focuses on Larak Island, which sits near the Strait of Hormuz and plays an important role in regional control.
Further actions could involve taking control of Abu Musa and nearby smaller islands that are strategically positioned at the western entrance of the Strait of Hormuz. The final phase would involve stopping or seizing ships transporting Iranian oil on the eastern side of the strait.
These measures are believed to be aimed at increasing leverage in ongoing negotiations led by Donald Trump. In a recent statement, he urged Iranian officials to act quickly, warning that time is limited while also claiming they are eager to reach an agreement.
Bitcoin has dropped by about 3,000 dollars over the past day after failing to break above 72,000. Ongoing tensions in the Middle East continue to influence the crypto market, which tends to perform better during periods of diplomatic progress rather than rising conflict.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
