Bitcoin holds near $65,000 as Brent oil tops $100 per barrel

Bitcoin’s price steadied around $65,000, with the cryptocurrency trading just above $64,700 after a modest dip of about 0.5% in the past 24 hours. The move came amid broader market volatility linked to rising Brent crude prices, which broke the $100‑per‑barrel barrier for the first time in two months, up more than 7% on the day.

The price dynamics were influenced by several factors: new U.S. import tariffs announced by the Trump administration on 60 trading partners, including the EU; escalating tensions in Iran, prompting a thirteenth consecutive night of U.S. air strikes and prompting a threat of a large‑scale attack; and renewed expectations that the Federal Reserve may raise rates in July, with the probability of a hike climbing to roughly 40%.

Investors shifted capital away from high‑risk, liquidity‑sensitive assets, prompting declines in technology stocks such as Tesla (‑14%) and Google (‑8%). Defense and energy firms, including Lockheed Martin, RTX, Exxon and Chevron, posted gains. The overall picture shows a growing correlation between cryptocurrency movements and traditional risk assets as inflation worries and geopolitical pressures intensify.