Bitcoin Holds $62K: What the Yen Crisis and Oil Shock Mean for Crypto
Bitcoin is trading at $62,581 this morning, down roughly 1% intraday as renewed US-Iran military strikes push oil back above $72 a barrel and rattle risk assets. Two forces that seem remote from crypto, a Middle East conflict and a collapsing Japanese currency, are directly shaping where Bitcoin goes from here.
Key Takeaways Bitcoin holds near $62,581 after recovering from 21-month lows below $60,000 in late June, but geopolitical risk is capping the rally. US airstrikes on Iran have pushed WTI crude above $72/barrel, rekindling inflation fears that historically hurt risk assets including crypto. Japan's yen has collapsed to 162 JPY/USD, its weakest in four decades, driving Japanese companies…
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