Bitcoin rebounded to test the $63,000 threshold, recovering from a 3% drop to under $61,500. Recovery came despite growing military tensions and exchanges of fire between U.S. and Iranian forces.
Key Takeaways
Bitcoin recovered to $63,000 on Thursday after dropping over 3 percent on U.S.-Iran military clashes.Coinglass data showed over $52 million in liquidations as Brent crude oil fell under $76 per barrel.Structural bulls predict bitcoin will strengthen past July as macro debt outpaces liquidity shocks.Energy markets followed a similar trajectory, with Brent crude oil retreating from its Wednesday peak of just over $80 per barrel to settle below $76. However, the calm may be fragile. While the Trump administration has ruled out full-scale combat, observers warn that the intensity of the U.S. strikes could compel Iran to retaliate by targeting oil infrastructure in the Gulf.
Macro Squeeze vs. Sovereign Hedge
