Bitcoin on course for best August since 2017 despite renewed US-Iran hostilities

Bitcoin is trading around $78,000 and is on track for its strongest August since 2017, with recent gains persisting despite renewed US‑Iran hostilities. Both market behavior and coverage indicate geopolitical tensions have not materially dented risk appetite or Bitcoin’s momentum. Traders’ growing conviction that the Fed will hike rates in September, however, introduces a clear macro headwind that could cap further upside or increase short‑term volatility. Net implication: Bitcoin shows resilience to geopolitical shocks but remains vulnerable to shifts in monetary policy expectations.