Bitcoin surpasses $80,000 after 101 days, U.S. launches new sanctions against Iran

Huo Xing Finance reports that on August 25, U.S. Treasury Secretary Bentsen announced on Monday local time that the United States will launch a new sanctions initiative called "Operation Economic Outcast," aiming to further sever Iran’s ties with the global economic system and warning countries and companies continuing business with Iran that they face the risk of U.S. sanctions. This action comes as tensions between the United States and Iran have persisted for nearly six months. The U.S. has previously pressured Iran through military actions and prolonged economic sanctions, yet no agreement has been reached on fully reopening the Strait of Hormuz or limiting Iran’s nuclear program. According to BIT (bit.com) market data, U.S. markets closed on Monday with the Dow Jones up 0.26%, the S&P 500 down 0.28%, and the Nasdaq down 0.76%. SK Hynix (SKHY.O) fell 4.9%, Micron Technology (MU.O) dropped 5.8%, SanDisk (SNDK.O) declined 6.4%, while NVIDIA (NVDA.O) and Intel (INTC.O) each fell 3%. According to market data, Bitcoin touched $80,000 for the first time in 101 days last night, surging nearly 30% over the week, and is currently trading at $77,898, up 1.25% in the past 24 hours.