Bitcoin Holds Near $64,700 as Brent Tops $83 After Houthi Attack
Updated
Updated · CoinDesk · Aug 7
Bitcoin Holds Near $64,700 as Brent Tops $83 After Houthi Attack
3 articles · Updated · CoinDesk · Aug 7
Summary
$64,700 bitcoin traded little changed over 24 hours Friday, while the broader CoinDesk 20 index slipped 0.2% as traders turned more cautious.
Brent crude rose above $83 a barrel after Yemen's Iran-linked Houthis attacked Saudi Arabia, and gold climbed 1.5% to $4,300 an ounce as investors sought safety.
4.67% 10-year Treasury yields and firmer oil prices could keep inflation pressure elevated, tightening financial conditions and reducing hopes for near-term rate cuts that support risk assets.
Crypto derivatives reflected that caution: the long-short taker ratio returned to neutral, BTC put options at $60,000 and $62,000 led Deribit volume, and major tokens mostly showed negative CVD readings.
The latest geopolitical strain adds to an already fragile backdrop for bitcoin, which had also stalled this week after the Senate delayed a Crypto Clarity Act vote and ahead of the U.S. payrolls report.