Bitcoin Remains Under Pressure, Sitting Below $65,000 on Renewed Middle-East Tensions

TL;DR

• Bitcoin held near $64,700 despite Middle East tensions, while Brent crude moved above $83 after Yemen’s Iran-linked Houthis attacked Saudi Arabia.
• Elevated oil prices and a 4.67% 10-year Treasury yield could sustain inflation pressure, tighten financial conditions, and limit expectations for near-term rate cuts.
• Gold rose 1.5% to $4,300 per ounce as safety demand increased, while crypto derivatives showed neutral futures positioning, bearish CVD readings, and heavy bitcoin put activity.

Bitcoin remained pinned below $65,000 on Friday as renewed tensions in the Middle East reinforced caution across global markets. The cryptocurrency traded near $64,700 and was little changed over 24 hours, while the broader crypto market slipped modestly. The striking contrast is that bitcoin stayed remarkably steady while traditional risk signals worsened around it. Brent crude climbed above $83 a barrel after Yemen’s Iran-linked Houthis attacked Saudi Arabia, adding another geopolitical shock to a market already confronting expensive energy, elevated borrowing costs, and uncertainty before key U.S. labor data due later in the trading day.

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