Bitcoin pressured by rising oil prices and Middle East escalation
- —BTC was little changed over 24 hours despite sharp intraday swings
- —The US ordered non-essential officials and families to leave Saudi Arabia
- —The French-German 10-year bond spread widened to almost 160 basis points
- —Middle East escalation reduces the odds of a quick peace and weighs on risk assets
Why it matters: Geopolitical risk and European bond stress could amplify BTC volatility in both directions.
Source: Newsbit