Bitcoin extended its pullback on Monday, falling for a fourth straight session to about $66,272 after briefly spiking on headlines of reported U.S.-Israel strikes in Iran. The move underscores renewed volatility in crypto markets amid heightened geopolitical risk.
Price action
The latest drop marks Bitcoin’s fourth consecutive daily decline, reversing an initial rally sparked by geopolitical headlines before sellers regained control. The retreat follows a recent stretch of choppy trading that has kept prices fluctuating within a broad range.
Geopolitical backdrop and commodities
Broader market sentiment has been tempered by escalating tensions in the Middle East. Oil prices have climbed amid energy supply concerns, adding to risk aversion across global assets. Crypto markets, which tend to respond quickly to macro and geopolitical shocks, have reflected that caution with increased intraday swings.
What to watch
- Developments in the Middle East that could influence risk appetite and market liquidity.
- Moves in energy markets and their impact on inflation expectations and broader asset pricing.
- Upcoming macroeconomic data and central bank commentary that may affect dollar strength and yields.