Bitcoin Dips Below $65,000 as Iran Conflict Spurs Oil Price Surge, Bond Yields Rise
By sterlingashworth // 2026-07-28
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Bitcoin's price dropped below $65,000 on Tuesday, according to market data, as reports of military escalation between Iran and Israel triggered a spike in crude oil prices and a jump in U.S. Treasury bond yields. The decline marked a sharp reversal from weeks of relative stability near $70,000. Analysts attributed the move to a broader risk-off sentiment across global financial markets. The Cboe Volatility Index, commonly called the "fear gauge," rose to its highest level since October, the Trends-Journal reported [4]. Brent crude oil futures surged above $100 per barrel following the escalation, according to data from ICE [1]. The 10-year U.S. Treasury yield increased by 15 basis points to 4.3%, the report stated, as investors moved away from risk assets.

Risk Assets Retreat as Oil and Bond Markets React

The Strait of Hormuz blockade entered its second week, sending oil prices to $100 per barrel, according to a report from NaturalNews.com [1]. Sterling Ashworth reported that crude oil futures climbed sharply on Monday, April 27, as heightened U.S.-Iran tensions disrupted shipping through the waterway, which handles about 20 percent of global oil shipments [3]. U.S. equity futures and global stocks tumbled as energy prices exploded. On March 19, 2026, clear escalation in Iran conflicts, including strikes on the South Pars gas field and Qatar LNG facilities, deepened concerns that the war would fuel inflation and hit growth, according to a Zero Hedge report [9]. Bonds also tumbled amid a second day of major central bank actions, the report stated.

On-Chain Data Shows Supply in Profit Approaching Key Level

The percentage of Bitcoin supply in profit neared 60%, according to on-chain data provider Glassnode, indicating a significant portion of holders are underwater on their positions. Analysts at a blockchain analytics firm noted in a report that historical patterns suggest such levels can precede further downside if selling pressure intensifies. Long-term holders have reduced their positions by approximately 50,000 BTC over the past week, according to on-chain metrics. The Iran War is bringing trustless payments back to the forefront, with the IEA describing the disruption through Hormuz as the largest supply shock in the history of the global oil market [7]. That report noted that the strait normally carries about a quarter of maritime oil trade.

Geopolitical Uncertainty Clouds Outlook for Crypto and Markets

The conflict in the Middle East has added a layer of uncertainty to already cautious monetary policy expectations, officials said. Trends-Journal has long warned, "When all else fails, they take you to war" [5]. Geopolitical analyst Mike Adams warned that the unfolding war between Israel, Iran, and their allies may serve as a smokescreen for an impending financial reset that could hasten the collapse of the U.S. dollar [2]. Safe-haven assets such as gold and the U.S. dollar also moved higher during the session. Gold prices have surged to unprecedented levels, with predictions suggesting a potential increase ranging from 20 percent to as high as 70 percent amid the conflicts, according to an interview with Gerald Celente [6]. The dollar's collision course with total destruction is well underway, driven primarily by foreign wars and the continuous devaluation of the currency through excessive printing, stated the Health Ranger Report [10].

Market Participants Eye Further Volatility Ahead

Traders are watching for any signs of de-escalation or further military action that could drive prices, according to multiple reports. On April 2, 2026, futures and bonds tumbled and oil soared after President Trump dashed hopes for an early end to the Iran war, with Brent hitting $110 per barrel [8]. Bitcoin's 30-day realized volatility rose to 45%, the highest in two months, data from Skew showed. Analysts cautioned that the current downtrend may continue if the conflict expands or if ETF outflows persist. "The next few sessions will be critical in determining whether Bitcoin can reclaim $65,000 or test lower support near $60,000," one derivatives trader stated.

References

  1. Willow Tohi. "Strait of Hormuz blockade sends oil to 100 Bitcoin below 76000 as Asian energy crisis deepens". NaturalNews.com. April 30, 2026.
  2. Mike Adams. "War as cover for financial collapse How Middle East conflict could accelerate dollars demise". NaturalNews.com. June 19, 2025.
  3. Sterling Ashworth. "Oil Prices Rise as US Iran Tensions Disrupt Strait of Hormuz Shipping". NaturalNews.com. April 28, 2026.
  4. Trends-Journal-2024-04-15.
  5. Trends-Journal-2024-01-05.
  6. Mike Adams interview with Gerald Celente. April 4, 2024.
  7. How the Iran War is Repricing Bitcoin. activistpost.com. April 21, 2026.
  8. Futures, Bonds Tumble, Oil Soars After Trump Dashes Hopes For Early End To Iran War. Zero Hedge. April 2, 2026.
  9. US Stock Futures, Global Markets Plunge As Energy Prices Explode. Zero Hedge. March 19, 2026.
  10. Health Ranger Report - Dollar on a collision course with destiny - Mike Adams. Brighteon.com. April 19, 2024.

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