Bitcoin held above $62,000 on Thursday while assets expected to absorb a war bounty moved in opposite directions.
Brent crude rose 1% to $78.80 a barrel, a third straight session higher, after the US military carried out a new round of strikes against Iran and both sides raised the prospect of closing the Strait of Hormuz.
Gold extended its decline to a fourth day at around $4,060 an ounce. Government bonds in Japan, Australia and New Zealand fell, extending Wednesday’s global sell-off, with two-year Treasury yields moving closer to their 2026 highs.
Bitcoin is trading at $62,009, down 1.2% over 24 hours and up 1.6% for the week. Ether was at $1,730, also down 1.2% on the day but up 5.7% over seven sessions. Solana lagged at $77.25, losing 1.8% and 1.7% for the week. XRP slipped 0.7% to $1.09, TRON added 4% over seven days and hyperliquid HYPE gained 5.9% for the week despite a 1.2% daily decline.
This escalation has reignited inflationary concerns and pushed forward rate expectations.
