Cryptocurrencies Bitcoin Beats Risk Assets as Oil Surges on Iran War Concerns Bitcoin started the week on a volatile note as growing expectations of a prolonged war in Iran sent oil prices surging and rocked global markets. The original cryptocurrency briefly surpassed $68,000 in early European trading, remaining up about 0.5% at 6:30 a.m. in London. It reversed losses from hours earlier, when spiking oil prices sent the token down as much as 2.4% to $65,633, its lowest price in a week. Brent crude rose as much as 29% to $119.50 a barrel, the biggest intraday move since April 2020, spurring a
Cryptocurrencies Bitcoin Beats Risk Assets as Oil Surges on Iran War Concerns Bitcoin started the week on a volatile note as growing expectations of a prolonged war in Iran sent oil prices surging and rocked global markets. The original cryptocurrency briefly surpassed $68,000 in early European trading, remaining up about 0.5% at 6:30 a.m. in London. It reversed losses from hours earlier, when spiking oil prices sent the token down as much as 2.4% to $65,633, its lowest price in a week. Brent crude rose as much as 29% to $119.50 a barrel, the biggest intraday move since April 2020, spurring a