Bitcoin hovers below $65,000 as Middle East tensions escalate further
Brent crude has meanwhile moved to over $83 a barrel after Yemen’s Iran-linked Houthis attacked Saudi Arabia, further escalating tensions in the Middle East.
AI Summary
Bitcoin is holding near $64,700, barely changed, while the broader CoinDesk 20 index is down 0.2%. Middle East tensions escalated after Yemen’s Iran-linked Houthis attacked Saudi Arabia, pushing Brent crude above $83 a barrel and gold to $4,300 per ounce. Higher oil and elevated Treasury yields could limit expectations for near-term rate cuts, weighing on bitcoin and other risk assets.