Bitcoin fell below $65,000 as surging oil prices and higher Treasury yields triggered a broader retreat from risk assets. Brent crude topped $100 per barrel for the first time since May after attacks on two Saudi oil tankers in the Red Sea prompted President Donald Trump to threaten Iran and the Houthi rebels with major military punishment. The 10-year US Treasury yield climbed to roughly 4.7%, its highest since January, while traders priced in a near 40% probability of a Fed rate hike at the July meeting. US-listed spot Bitcoin ETFs posted $225.2 million in net outflows on July 23, snapping a seven-session inflow streak. JPMorgan analysts estimated that a three-month supply disruption could push Brent toward $114 per barrel, further tightening financial conditions for Bitcoin.
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