Bitcoin slips below $76,500 as U.S. strikes on Iran send oil above $93
Bitcoin fell 1% since midnight as Brent jumped past $93 and Treasury yields climbed toward 4.8%.
Source: CoinDesk
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DW NOTE
Bitcoin tracking oil is now the tell for who owns it. The asset pitched as a hedge against the dollar and geopolitical chaos is moving in lockstep with Brent — which means it's following the same institutional flows that drive commodities and equities. The Hormuz closure is in its seventh month, oil is still 20% below last year's peak, and Bitcoin is falling on a 1% dip. That's not digital gold. That's levered beta.