Bitcoin price reaches $72.5K as US issues ‘Economic D-Day’ threat to Iran

Bitcoin (BTC) saw multimonth highs after Thursday’s Wall Street open while stocks dipped and bond yields rebounded on US-Iran war nerves.Key points:Bitcoin builds on its highest levels in 11 weeks to hit $72,500 on Bitstamp.US bond yields see volatility after president Donald Trump threatens “economic warfare” with Iran.Bitcoin market participants question whether the rally has staying power.US bond yields reverse higher after Trump pledges “economic warfare” with IranData from TradingView showed BTC/USD retesting $71,000 before hitting new 11-week high of $72,505 on Bitstamp, up by more than 4% on the day.BTC/USD one-day chart. Source: Cointelegraph/TradingViewUS equities opened lower after US president Donald Trump threatened Iran with the “most crushing economic operation ever taken against any country,” calling it “Economic D-Day.”“This will be economic warfare and isolation on an unprecedented scale,” he wrote in a post on Truth Social amid frustration over the lack of a deal with the US on the Strait of Hormuz oil route.WTI crude oil reached $87.69 per barrel on the day, its highest since July 24.CFDs on WTI crude oil one-day chart. Source: Cointelegraph/TradingViewThe commen...