US strikes two empty Iranian oil tankers as Bitcoin sheds $58 billion in market cap
🔴 Tension RisingCrypto Briefing2026-05-09
US forces attacked two empty Iranian oil tankers in the Gulf of Oman, causing oil prices to surge and a significant drop in Bitcoin's market capitalization. This escalation represents a direct military confrontation between the US and Iran, triggering investor flight to safety. Bitcoin's performance during wartime reflects its utility as a permissionless capital access tool when traditional financial systems are disrupted.