Bitcoin fell from Asian session highs alongside losses in U.S. stock futures as Iran intensified its attacks in the Middle East.
The leading cryptocurrency fell back below $66,000 after hitting a high near $67,000 in early Asia. S&P 500 e-mini futures fell to 6,790, down 1.4% on the day, reversing the initial rise to 6,857. At the same time, oil prices continued to climb more than 7% on both sides of the Atlantic.
Iran has reportedly stepped up missile attacks on U.S. assets in Bahrain, Kuwait and the United Arab Emirates, according to multiple open source intelligence (OSINT) sources on X. It has also attacked Saudi Arabia’s oil infrastructure, the widely followed War & Gore OSINT said. Saudi Arabia is one of the largest oil producers in the world.
Meanwhile, according to the BBC, Israel carried out a new series of airstrikes in Lebanon, targeting Iran’s main regional proxy, Hezbollah.
The conflict began on Saturday after the United States and Israel attacked Israel in what was described as a pre-emptive measure aimed at crippling its missile arsenal and nuclear ambitions.
