Here’s a tighter, more streamlined rewrite:
Oil notched a third straight day of gains while gold slipped for a fourth session, as bitcoin held a 1.6% weekly advance.
Bitcoin remained above $62,000 on Thursday, even as traditional safe-haven assets reacted unevenly to renewed geopolitical tensions.
Brent crude rose 1% to $78.80 per barrel, extending its rally after fresh U.S. strikes on Iran heightened fears of further escalation and potential disruption in the Strait of Hormuz.
Gold, meanwhile, continued to weaken, falling to around $4,060 an ounce for its fourth consecutive decline. Government bonds in Japan, Australia, and New Zealand also dropped, adding to a broader global selloff, while two-year U.S. Treasury yields pushed toward their 2026 highs.
Bitcoin traded at $62,009, down 1.2% over the past 24 hours but still up 1.6% on the week. Ether stood at $1,730, also down 1.2% on the day but up 5.7% over the past seven days. Solana underperformed at $77.25, falling 1.8% daily and 1.7% weekly. XRP edged down 0.7% to $1.09, while TRON gained 4% over the week. Hyperliquid’s HYPE rose 5.9% weekly despite a 1.2% daily dip.
The renewed tensions reignited inflation concerns and shifted expectations for interest rates.
Markets on Wednesday pulled forward expectations for the next Federal Reserve rate hike to October from December, adding pressure to already elevated asset valuations following this year’s AI-driven rally. Higher rates weighed on gold, as non-yielding assets lose appeal when returns on cash increase.
Bitcoin, however, has not followed the same pattern. Despite an oil surge, bond selloff, and hawkish repricing of Fed policy, it moved just 1.2% on the day—far less than the sharp swings seen in past geopolitical shocks. Since February, each escalation has triggered progressively smaller reactions in crypto markets.
This suggests investors are no longer treating Middle East tensions as a crypto-specific risk, but rather as a macro event tied to interest rates. As a result, bitcoin is tracking short-term yields more closely than oil prices.
Sentiment reflects cautious improvement. The Fear and Greed Index has climbed to 27, exiting a prolonged stretch of extreme fear, though it remains below the neutral threshold of 50.
The $60,000 level is now the key line for traders. Bitcoin has recovered from recent lows and maintained its range despite pressure from rising yields, geopolitical tensions, and a bond market selloff.
If bitcoin continues to hold above $60,000 through further escalation—while gold keeps declining—it could confirm a shift away from traditional safe havens. But a sharper drop below that level on similar news would suggest the recent stability was more about subdued volatility than a lasting change in market dynamics.
