Bitcoin hovers below $65,000 as Middle East tensions escalate further

MarketsBitcoin hovers below $65,000 as Middle East tensions escalate furtherBrent crude has meanwhile moved to over $83 a barrel after Yemen’s Iran-linked Houthis attacked Saudi Arabia, further escalating tensions in the Middle East.By Francisco Rodrigues, Omkar Godbole, Shaurya Malwa|Edited by Jamie CrawleyUpdated Aug 7, 2026, 10:42 a.m. Published Aug 7, 2026, 10:36 a.m. 3 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowBitcoin is holding near $64,700 Friday, barely changed over the last 24-hour period, while the broader CoinDesk 20 index is down 0.2% over the period.Brent crude has meanwhile moved to over $83 a barrel after Yemen’s Iran-linked Houthis attacked Saudi Arabia, further escalating tensions in the Middle East.Gold has meanwhile maintained its recovery, moving up 1.5% to now trade at $4,300 per ounce as investors move toward safety in the face of uncertainty.Bitcoin is holding near $64,700 Friday, barely changed over the last 24-hour period, while the broader CoinDesk 20 (CD20) index is down 0.2% over the period.Brent crude has meanwhile moved to over $83 a barrel after Yemen’s Iran-linked Houthis attacked Saudi Arabia, further escalating tensions in the Middle East.Treasury yields have seen a slight correction, but remain at 4.67% for the 10-year note, a level Fidelity’s Director of Global Macro Jurrien Timmer said “history suggests that nothing good happens.”Higher oil could add to inflation pressure if sustained, while elevated Treasury yields tighten financial conditions. Together, they could limit expectations for near-term rate cuts and weigh on bitcoin and other risk assets.Gold has meanwhile maintained its recovery, moving up 1.5% to now trade at $4,300 per ounce as investors move toward safety in the face of uncertainty.Derivatives positioningLong-short taker ratio: The crypto futures market’s long-short taker ratio has returned to neutral after leaning bullish on Th…

Bitcoin hovers below $65,000 as Middle East tensions escalate further

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