đ¨ #CryptoSelloffTriggersMultipleWhaleLiquidations Good morning: $BTC BTC reclaimed $65K, and tensions flared in the Gulf overnight
1) BTC climbed back above $65K
BTC is around $65,490 on Coinbase. It hit a high of $66,100 around 06:00 BRT and has closed each hour above $65K for about 2 hours. Itâs up +5.7% from last nightâs low ($61,946), although itâs still down â2.6% over 24 hours. Thereâs no clear catalyst behind the move. According to Bloomberg, the risk of revisiting this yearâs low of $58K remains because of high Treasury yields.
Impact: medium. A close above $66K would confirm the rebound. If BTC falls below $64K again, the risk of further declines returns.
2) Escalation in the Gulf
- Iran says it attacked a US radar with 6 drones at the Riffa base in Bahrain, home to the 5th Fleet. This was its second attack in 3 days. Bahrain says it intercepted the drones, and no damage has been confirmed.
- The Saudi coalition intercepted missiles launched toward Riyadh and drones in the Eastern Province.
- The Houthis now control an area near the Bab el-Mandeb Strait, from which Yemeni government forces withdrew. Itâs a key oil route to the Red Sea.
- All this comes as the agreement between the US and Iran is in doubt. Trump had said there would be no further attacks âunless there are new provocations.â
Impact: medium, with the possibility of rising to high. Watch Brent and WTI when the market opens on Sunday night. If the US responds, risk aversion is the most likely outcome: oil up and crypto down. For now, BTC hasnât reacted and even rose during the attacks.
$BTC
1) BTC climbed back above $65K
BTC is around $65,490 on Coinbase. It hit a high of $66,100 around 06:00 BRT and has closed each hour above $65K for about 2 hours. Itâs up +5.7% from last nightâs low ($61,946), although itâs still down â2.6% over 24 hours. Thereâs no clear catalyst behind the move. According to Bloomberg, the risk of revisiting this yearâs low of $58K remains because of high Treasury yields.
Impact: medium. A close above $66K would confirm the rebound. If BTC falls below $64K again, the risk of further declines returns.
2) Escalation in the Gulf
- Iran says it attacked a US radar with 6 drones at the Riffa base in Bahrain, home to the 5th Fleet. This was its second attack in 3 days. Bahrain says it intercepted the drones, and no damage has been confirmed.
- The Saudi coalition intercepted missiles launched toward Riyadh and drones in the Eastern Province.
- The Houthis now control an area near the Bab el-Mandeb Strait, from which Yemeni government forces withdrew. Itâs a key oil route to the Red Sea.
- All this comes as the agreement between the US and Iran is in doubt. Trump had said there would be no further attacks âunless there are new provocations.â
Impact: medium, with the possibility of rising to high. Watch Brent and WTI when the market opens on Sunday night. If the US responds, risk aversion is the most likely outcome: oil up and crypto down. For now, BTC hasnât reacted and even rose during the attacks.
$BTC
