Bitcoin jumps toward $69K as oil plunges 30% amid US–Iran tensions
Bitcoin climbed toward $69,000 as oil prices experienced extreme volatility following escalating US-Iran tensions.Summary
Bitcoin surged nearly 5% toward $69,000 on Monday as geopolitical tensions between the US and Iran caused significant market volatility. Crude oil futures initially spiked to $119.48, their highest since July 2022, due to supply disruption fears, but then plummeted by as much as 31% to around $81 before partially recovering. This sharp reversal in oil prices coincided with comments from Donald Trump suggesting the US military operation against Iran was nearing completion faster than anticipated. Traditional stock markets, which initially dipped, reversed course and finished higher following Trump's remarks. Bitcoin demonstrated resilience, climbing toward $69,000 after the comments, with other major cryptocurrencies like Ether, Solana, and XRP also advancing.
(Source：Crypto Briefing)