Bitcoin slides below $65K as Iran conflict fuels $100 oil and bond-yield surge
Bitcoin slipped below $65,000 as escalating tensions in Iran hit global risk assets. BTC/USD fell to about $64,799 while US stocks sold off, oil jumped to its highest since early June, and 10-year US bond yields climbed to 18-month highs. Traders linked the move to rising inflation and interest-rate expectations ahead of the Federal Reserve’s next meeting, with odds of a 0.25% hike rising toward 40%. Market focus remains on whether Bitcoin can hold key technical support near the 21-week SMA around $64,073 and defend the 21-day moving average. Near-term views are divided: some expect the recent rally to fade if BTC loses $65,000, while others see a breakout above the $68,000 resistance zone opening a path toward $70,000 and potentially $73,000.
