Bitcoin rebounded to approximately $72,950, rising 2.5% over 24 hours after a volatile weekend. The increase occurred alongside a roughly 3% jump in crude oil prices to around $100 per barrel amid escalating Middle East tensions. U.S. President Donald Trump warned that Iran’s oil infrastructure could be targeted if shipping through the Strait of Hormuz is further disrupted. Meanwhile, U.S. stock futures edged slightly higher, indicating relatively steady broader risk markets despite the geopolitical uncertainty.
Bitcoin traded higher over the weekend, gaining roughly 2.5% to about $72,950 after briefly dipping toward $70,500. The move occurred as escalating tensions in the Middle East pushed oil prices sharply higher.
Crude oil climbed to around $100 a barrel, marking its highest level since July 2022. This followed U.S. strikes on Kharg Island, a hub handling about 90% of Iran’s oil exports.
In a post on Truth Social, President Donald Trump stated the U.S. had conducted “one of the most powerful bombing raids in the history of the Middle East.” He warned the decision to avoid Iran’s oil infrastructure could change if shipping through the Strait of Hormuz is interfered with.
Higher energy prices complicate the Federal Reserve‘s path to further interest rate cuts. This can prolong a higher-for-longer rate regime and tighten global liquidity.
U.S. equity futures edged higher late Sunday, with Dow Jones, S&P 500, and Nasdaq-100 futures each rising about 0.15%. Bitcoin’s performance since the conflict began has remained resilient, with analysts pointing to crypto-specific demand.
Prices briefly climbed above $73,475 late Friday before retreating after initial headlines. The cryptocurrency then stabilized through the weekend, gradually recovering back above $72,000.
