Bitcoin Resilient as Iran War Threatens Global Markets

Bitcoin is stabilizing above $65,000 on Monday after a volatile weekend that saw crude oil prices surge and equity futures slide following U.S. and Israeli strikes on Iran and Tehran’s retaliatory actions. The intensification of conflict around the Strait of Hormuz, a critical route for about one‑fifth of the world’s oil supply, has rattled global markets and lifted energy prices. Crude oil prices jumped sharply over the weekend, with Brent rising as much as 13% and U.S. WTI briefly hitting $75 a barrel before easing. At the same time, futures for the S&P 500, Nasdaq, and Dow all fell,

Continue reading on DailyCoin.