Bitcoin fell 0.7% to $77,581.7, after briefly hitting $79,461.7, facing resistance near $80,000.
Gains were initially sparked by an Axios report of Iran's proposal to reopen the Strait of Hormuz, amid US‑Iran tensions.
The Bitcoin Conference 2026 in Las Vegas is set to draw tens of thousands, historically prompting heightened volatility.
Investors watch the Fed’s Wednesday policy decision and the BOJ’s two‑day meeting, with expectations of steady rates but possible future hikes.