Bitcoin jolted by oil surge and Middle East tensions
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Bitcoin kicked off the week with noticeable swings as rising geopolitical tensions and a sharp move in oil prices unsettled global markets.
The world's largest cryptocurrency dropped as much as 2.4% to around $65,633, its lowest level in about a week, after crude prices surged amid escalating Middle East tensions tied to the Iran conflict. The selloff didn't last long, though. Bitcoin quickly recovered and climbed back above $67,000, briefly pushing past $68,000 during early European trading.
Other major cryptocurrencies followed a similar pattern. Ether (ETH-USD) rose to just under $2,000, while Solana moved higher toward the mid-$80 range.
Analysts say the next big move for crypto may depend less on daily headlines and more on broader financial conditions. Factors like global liquidity, institutional participation, and ETF flows are increasingly shaping the market's direction.
source: https://www.tradingview.com/news/gurufocus:43e69cb4d094b:0-bitcoin-jolted-by-oil-surge-and-middle-east-tensions/
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