The U.S. confirms the end of Iran’s “Operation Epic Rage,” and Bitcoin rebounds to $81k

U.S. Ends Operation Epic Wrath

According to a statement made by U.S. Secretary of State Marco Rubio on May 6, the United States’ “Operation Epic Wrath” against Iran has officially ended, and the U.S. has achieved the operation’s stated objectives; that same day, U.S. President Donald Trump publicly announced that the “Freedom Plan,” which routes vessel traffic through the Strait of Hormuz, will be paused for a period of time. Bitcoin rebounded that day to around $81,000, reaching its highest level since late January 2026.

U.S. Announces End of Military Action Against Iran and “Freedom Plan” Pause

According to Rubio’s public statement, “Operation Epic Wrath” has met its goals. The U.S. military characterized its new actions in the Strait of Hormuz as defensive in nature and said that if attacked in the strait, the United States would respond with lethal force.

According to Trump’s public statement, the reasons for pausing the “Freedom Plan” include: requests from Pakistan and other countries, military progress made in actions against Iran, and “significant progress” in negotiations toward a comprehensive final agreement reached with Iranian representatives; Trump’s statement also noted that the blockade measures would remain in effect during the pause period.

According to a statement from the U.S. Department of Defense, the U.S.-Iran ceasefire has not ended yet. The U.S. side still holds the advantage in the negotiations and said it is ready at any time to resume actions against Iran; the “Bush” (USS George H.W. Bush) aircraft carrier is crossing the Arabian Sea, carrying more than 60 fighter jets.

Latest Developments in the Strait of Hormuz Situation

According to an official Iranian statement, the Iranian president said rational dialogue may still be possible, but maximum pressure will not work; the naval command of Iran’s Islamic Revolutionary Guard Corps (IRGC) warned that vessels deviating from designated shipping lanes will face a “decisive response”; Iran’s top leader’s foreign affairs adviser said that the U.S.-Iran relationship is still in a war state.

According to a statement from the U.S. Department of Defense, two merchant vessels and a U.S. destroyer have successfully passed through the Strait of Hormuz; Iran announced that it has started a new mechanism for managing Strait of Hormuz passage.

Bitcoin Market Data

According to market data, Bitcoin rebounded on May 6, 2026 to around $81,000, the highest level since late January 2026. On the same day, daily net inflows into U.S. spot Bitcoin ETFs exceeded $600 million; during the recent rally, short positions worth about $270 million were forcibly closed.

Frequently Asked Questions

When did U.S. Secretary of State Rubio announce that “Operation Epic Wrath” had ended?

According to a statement Rubio released to the media on May 6, 2026, “Operation Epic Wrath” has officially ended, and the U.S. has achieved its stated objectives.

Why did Trump announce a pause of the “Freedom Plan”?

According to Trump’s May 6 public statement, the “Freedom Plan” pause was based on requests from Pakistan and other countries, military progress in actions against Iran, and significant progress in negotiations toward a comprehensive final agreement between the U.S. and Iran, while blockade measures would remain effective during the pause period.

How did Bitcoin perform on May 6?

According to market data, Bitcoin rebounded on May 6 to around $81,000, reaching its highest level since late January 2026; on the same day, net inflows into U.S. spot Bitcoin ETFs exceeded $600 million, and the recent scale of short-covering was about $270 million.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Latest developments in the Iran–Israel conflict: The “Epic Rage” operation has concluded, and crypto market sentiment is improving

On May 6, the United States announced the end of Operation Epic Rage and the suspension of the Hormuz Freedom Plan. Bitcoin rebounded to $81,700, easing market sentiment.

GateInstantTrends34m ago

10x Research Turns Bullish on Bitcoin, Signals First Bull Market as of May 2026

According to 10x Research, Bitcoin has triggered its first bull market signal as of May 2026, with the research firm turning bullish a month ago. The firm noted that Bitcoin has recorded two consecutive months of positive returns, while ETF inflows have accelerated. Despite low trading volumes and p

GateNews44m ago

Gate Daily Report (May 6): Strategy Q1 loss of 12.5 billion; the CFTC plans to introduce protections for non-custodial software developers

Bitcoin (BTC) continues the rebound trend since the start of the week, with a temporary quote of around $81,240 as of May 6. The U.S. Commodity Futures Trading Commission (CFTC) is seeking to further implement protective measures for non-custodial software developers. Strategy suggests it may sell Bitcoin to meet its dividend obligations, with a Q1 net loss of $12.54 billion.

MarketWhisper1h ago

A wave of short liquidations boosts the Bitcoin market, and market analysis points to a rise toward $90k

Bitcoin BTC, driven by a squeeze of short positions and a rise in open interest, has shown a strong uptrend. Data indicates that large short positions have been forced to close; around $82,500, Bitcoin has $1.12 billion in short exposure. It has the potential to move toward $90,000, with a supply-demand imbalance providing support for further upside momentum. Short squeeze evolves into upward momentum Bitcoin researcher Axel Adler Jr. cited monitored data showing that since February, the market has accumulated more than $7.9 billion in short liquidation amounts. The peaks in liquidations were mainly concentrated from February to April, with a single-day liquidation amount as high as $737 million on February 13. Although traders frequently built short positions above $80,000, price resilience has forced these positions to undergo a Short Squeeze, where rising prices trigger

ChainNewsAbmedia4h ago

Analyst Cowen Warns Bitcoin Rally May Be Bear Market Rebound

Cryptocurrency strategist Benjamin Cowen has cautioned investors that recent Bitcoin rallies may represent temporary rebounds within a broader bear market rather than the start of a sustained bull season. Cowen stated he continues to view the market through "bear glasses," warning that short-term pr

CryptoFrontier6h ago

Shiba Inu Faces Pressure After Whale Offloads 800B Tokens

Key Insights A single SHIB wallet sold 800 billion tokens for $4.9 million, yet still controls over 99 trillion tokens in remaining holdings. SHIB price remains range-bound between $0.0000060 support

CryptoNewsLand7h ago
Comment
0/400
No comments