Bitcoin drops below $63,000 as Iran-Israel conflict rattles Asian markets and sends oil prices higher
By
Omkar Godbole
23h ago· 2 min readenNews
70/100
Toasty
Bagelometer↗
Right out the toaster. Reliable, with some real depth.
Score70TypenewsSentimentnegative
Summary
Bitcoin pulled back below $63,000 as escalating military conflict between Iran and Israel triggered a sell-off in Asian stocks, including South Korea's Kospi index. The leading cryptocurrency traded around $62,900 after hitting a high of $63,776 late Sunday. WTI crude oil surged over 3% to $93.50 as airstrikes between Iran and Israel ended a fragile ceasefire. U.S. President Donald Trump called for restraint and said he requested Israeli Prime Minister Benjamin Netanyahu to de-escalate. The geopolitical tensions are weighing on risk sentiment across global markets.
Key quotes
· 3 pulledBitcoin pulled back from Sunday highs as renewed military conflict between Iran and Israel sent Asian stocks, including South Korea's Kospi index, sharply lower.
WTI crude oil futures jumped over 3% to $93.50 as Iran and Israel traded airstrikes, ending the recent fragile ceasefire that had calmed energy markets.
U.S. President Donald Trump called for restraint and said he has requested Israeli Prime Minister Benjamin Netanyahu
BTC has pulled back from overnight highs as escalating geopolitical tensions weigh over risk sentiment and send oil price higher.
