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Bitcoin trades near $63,800 as Iran strike shock hits traditional markets
Gold fell as much as 1.6% to around $4,050 an ounce while Brent crude rose more than 4% above $79, but bitcoin was down only 0.3% over 24 hours.
CoinDesk reports that bitcoin held near $63,800 while gold, oil, equities, and government bonds swung sharply after a fourth round of U.S. strikes on Iran.
The outlet says spot gold slid up to 1.6% to about $4,050 per ounce and Brent crude jumped 4% to above $79 per barrel as conflicting claims over the Strait of Hormuz revived supply concerns, with roughly a fifth of the world’s seaborne oil typically passing through the waterway.
CoinDesk adds that Treasuries fell across the curve, with the two-year yield rising to its highest level since February 2025, and MSCI’s Asia Pacific index declined 1.6% as markets priced a single fear that a wider conflict could keep crude elevated and push the Federal Reserve toward a higher-for-longer stance.
Within crypto, CoinDesk reports that bitcoin was little changed on the day, down 0.3% over 24 hours and up 2% on the week, while ether was flat around $1,800 and Solana was the weakest major, down 5% over seven days.
Latest closeGold $4,157.80 ▲0.4%|WTI crude $91.10 ▲3.2%|Brent $103.93 ▲3.7%