Tuesday's Opening Bell: Bitcoin Hits $80,000, Extending Its Bull Run, While US Stock Market Indexes Experience Mixed Performance

BlockBeats News, August 25th - U.S. Treasury Secretary Benson announced on Monday local time that the U.S. would launch a new sanction action named "Operation Economic Outcast," aiming to further sever Iran's ties with the global economy. The U.S. warned that countries and companies continuing to do business with Iran would face the risk of U.S. sanctions. At the time of this action, the conflict between the U.S. and Iran has been ongoing for nearly six months. The U.S. had previously pressured Iran through military actions and long-term economic sanctions, but the two sides have yet to reach an agreement on fully reopening the Strait of Hormuz and limiting Iran's nuclear program.

According to BIT (bit.com) market data, U.S. stocks closed on Monday with the Dow rising 0.26%, the S&P 500 falling 0.28%, and the Nasdaq dropping 0.76%. SK Hynix (SKHY.O) fell by 4.9%, Micron Technology (MU.O) fell by 5.8%, SanDisk (SNDK.O) fell by 6.4%, while Nvidia (NVDA.O) and Intel (INTC.O) fell by 3%.

According to HTX market data, Bitcoin once again touched $80,000 last night after 101 days, surging nearly 30% in a week. It is now trading at $79,016, with a 24-hour increase of 1.93%.