Bitcoin Hits $80,000 As Trump's Project Freedom Rattles Oil Markets

Alexey Bondarev
Alexey BondarevJul, 06 2026 10:34
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Alexey Bondarev
Alexey Bondarev
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Alexey Bondarev is the Head of Content at Yellow.com, having reported on crypto for the last 10 years. Growing interested in Bitcoin and cryptocurrencies in the late 2010s, he joined Yellow.com as an editor in 2024. Usually based in Eastern Europe, he likes to travel, preferably to countries that are enthusiastic about crypto. He believes that everything digital will imminently overcome everything analogue and is working hard to make that come true.

Project Freedom Sparks Divergence Crude benchmarks slipped while Bitcoin extended gains in early Asian trading hours. Brent crude fell 0.16% to $121 a barrel, and West Texas Intermediate eased 0.29% to $101.

Bitcoin touched $80,000 before settling at $79,715, up 1.9% over 24 hours.

Trump unveiled the operation in a Truth Social post on Sunday.

He said the mission is focused on guiding neutral foreign vessels out of the strait, where ships have been stranded amid US-Iran tensions. He framed the move as a humanitarian gesture.

US Central Command later confirmed it will deploy guided-missile destroyers, more than 100 aircraft, unmanned platforms, and roughly 15,000 service members to back the mission, which is set to begin Monday morning Middle East time.

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Bitcoin Hits $80,000 As Trump's Project Freedom Rattles Oil Markets | Yellow