Bitcoin slips below $76,500 as U.S. strikes on Iran send oil above $93
Bitcoin prices fell below $76,500 as geopolitical tensions in the Middle East drove oil prices above $93 per barrel. The broader market is reacting to rising Treasury yields and concerns over inflation, leading to a general risk-off sentiment across crypto and equity markets.
Why it matters
The correlation between geopolitical conflict, energy prices, and digital asset volatility highlights the sensitivity of crypto markets to global macroeconomic shifts.
Brent crude jumped past $93 a barrel and West Texas Intermediate approached $90 as the conflict escalated. The Dollar Index (DXY) rose by 0.13% since midnight.
The 10-year Treasury yield climbed toward 4.8% on the inflation implications of higher energy costs, while Nasdaq 100 futures fell 0.31% and S&P 500 futures dropped 0.11%.
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