Bitcoin held steady near the $64,000 level as escalating geopolitical tensions between the United States and Iran drove energy prices higher and pushed long-term borrowing costs to multi-year highs.
Brent crude topped $91 per barrel amid the intensifying conflict, while the 30-year U.S. Treasury yield climbed to its highest level since 2007. The combination of soaring energy costs and rising yields placed renewed downward pressure on traditional equities and broader risk-on assets.
Despite the macroeconomic headwinds and tightening financial conditions, the leading cryptocurrency maintained its established trading range as market participants monitored developments in the Middle East and debt markets.
