Bitcoin’s $60K price floor is back in play as Hormuz oil shock returns
Bitcoin fell below $63,000 after U.S. strikes on Iran intensified geopolitical तनाव and lifted oil prices. Bitcoin traded around $62,774, down about 1.9% in 24 hours after briefly touching $62,565, making $60,000 a nearer risk than before the weekend. The drop was not driven by conflict alone: thin weekend liquidity, fund flows, and crypto-specific selling also contributed. Brent crude rose to about $79.59 and U.S. crude to $74.85, while S&P 500, Dow, and Nasdaq futures all declined. The dollar and Treasury yields firmed, adding pressure on risk assets. Market pricing implies a meaningful chance Bitcoin could test both $60,000 and $65,000 in July. A break below $62,565 could open the way to $60,000, while recovery above $64,300 with softer oil and steadier equities would suggest only a temporary setback.
