Bitcoin fails to reclaim $80K as Bessent fuels yen strength around 153 per dollar

Bitcoin (BTC) struggled below $80,000 on Wednesday as attention refocused on the Japanese yen.Key points:Bitcoin saw further macro headwinds as US-Iran strikes pushed Brent crude oil above $100 per barrel.The Japanese yen continued to trade around 153 per dollar, its highest levels since February as yen shorts stayed near record highs.US Treasury Secretary Scott Bessent hinted at further interventions in yen currency markets to come.Bitcoin lacks momentum as Iran strikes sour risk-asset moodData from TradingView showed the local upside in the BTC/USD pair reversing as it attempted to revisit the $80,000 mark. BTC is currently down by around 0.4% on the day. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewUS stocks also drifted lower at the Wall Street open, fueled by fresh US strikes on Iranian oil tankers. The tensions helped send oil prices to new three-month highs, building on gains from the day prior. At the time of writing, WTI crude traded above $96 per barrel, while Brent crude surged above $101 per barrel for the first time since late July.CFDs on Brent crude oil one-day chart. Source: Cointelegraph/TradingViewTraders also eyed fresh developments in the yen as Japa...