Bitcoin Slips Below $65K Amid Global Tensions

Bitcoin has fallen below the 65,000 dollar mark this week. The decline follows rising tensions between Iran and other global powers, which has triggered a sharp move higher in oil prices and bond yields.

Financial markets are feeling the heat as investors move toward safe assets. With crude oil hitting 100 dollars per barrel, the broader economic outlook has become more cautious. This shift typically hurts speculative assets like cryptocurrency as traders look to reduce their exposure to risk.

To make matters more complicated, the Federal Reserve outlook is shifting. The probability of an interest rate hike in July has climbed near 40 percent. Traders are now watching closely to see how these macroeconomic pressures influence price support levels in the coming days.