Bitcoin (CRYPTO: BTC) has rebounded to around $67,000 even as geopolitical tensions increase uncertainty across asset classes.
Crypto Under Pressure As High-Beta Risk Asset
With the conflict in the Middle East entering day 3, macro uncertainty is intensifying.
Oil and gold are climbing while equities slide, raising concerns that sustained energy disruption could fuel inflation and delay Federal Reserve rate cuts.
That backdrop is weighing on crypto, which continues to trade as a high-beta risk asset.
Altcoins reflect typical bear market behaviour, with short-lived rallies and limited follow-through.
Broader …