Bitcoin (BTC) has remained under pressure below $78,000 after renewed US military action near the Strait of Hormuz and persistent Federal Reserve uncertainty pushed traders out of risk assets while institutional Bitcoin products recorded another wave of heavy outflows.

According to CoinGecko data, Bitcoin briefly dropped below $77,000 on Tuesday after overnight US strikes targeted missile launch sites and mine-laying vessels in southern Iran.

US Central Command has described the operation as a defensive action meant to protect military personnel near the Strait of Hormuz, while Iranian officials reportedly condemned the strikes and warned of retaliation.

Markets reacted quickly as investors moved toward traditional safe-haven assets amid…