Bitcoin, cryptos under pressure as oil spikes 6% and global markets price in U.S.-Iran conflict

Bitcoin dropped to $66,700 as traditional markets opened following weekend U.S.-Iran military escalation. Oil prices surged 6% to $77 while Asian equities fell 1.4%, indicating broader risk-off sentiment affecting crypto markets.

• →Bitcoin fell to $66,700 as markets reacted to U.S.-Iran military tensions over the weekend.
• →Oil prices spiked 6% to $77 amid geopolitical escalation concerns.
• →Asian equity markets dropped 1.4% as risk-off sentiment dominated trading.
• →Cryptocurrency markets are following traditional risk assets lower during geopolitical uncertainty.
• →The selloff occurred as markets had their first opportunity to price in the weekend's military developments.