Bitcoin slips below $69,500 as tanker attacks send oil back above $100

Bitcoin dropped below $69,500 as geopolitical tensions escalated with attacks on oil tankers in Iraqi waters, causing Brent crude to surge 10% above $100. The incident triggered broader market sell-offs, with Asian stocks falling 1.8% amid increased risk-off sentiment.

• →Bitcoin fell below $69,500 following geopolitical tensions from oil tanker attacks in Iraqi waters.
• →Brent crude oil surged 10% back above $100 per barrel after the tanker incidents.
• →MSCI Asia Pacific stocks declined 1.8% as risk-off sentiment dominated markets.
• →Oil market prompt spreads reached levels not seen in years, indicating supply concerns.
• →Geopolitical events continue to drive correlation between crypto and traditional risk assets.