While tensions in the Middle East put the cryptocurrency market under pressure again, Bitcoin and other major digital assets are losing value due to the sharp rise in oil prices. The issue of military options against Iran, especially by the USA, reduces the risk appetite in global markets.
The impact of Middle East tension on markets
According to Axios, it was reported that US President Donald Trump will soon be informed about new military steps against Iran. In this context, the US Central Command made requests for the deployment of hypersonic missiles to the Middle East. While such developments increase volatility in commodity prices, especially oil, they cause investors to move away from risky assets.
The war, which has been raging since late February, has effectively closed the Strait of Hormuz, restricting the global flow of oil, natural gas and other energy products. The ‘war premium’ highlighted in the news, that is, the rise in asset prices due to geopolitical risks, is heavily felt in Brent oil throughout the year. While Brent reached its highest domestic price in the last four years with only a nine-day rise series, it has gained over 100 percent in value since the beginning of the year.
On the other hand, leading cryptocurrencies such as Bitcoin and Ethereum experienced sharp declines due to the tension environment.
Notable price movements in cryptocurrencies
Bitcoin lost 2.1 percent in the last 24 hours, falling to $75,633; The total loss for the week approached 3 percent. According to CryptoAppsy data, the latest situation of Bitcoin creates anxiety among investors, and while the asset continues to seek direction between $ 74,000 and $ 78,000, volatility increases due to the impact of sharp declines.
Ethereum decreased by 3.4 percent to $2,244, and decreased by 4.4 percent on a weekly basis. XRP decreased by 2.1 percent to $1.37, losing a total of 3.7 percent in seven days. Solana, on the other hand, decreased by 2.6 percent to $82.62. Among the top 10 cryptocurrencies, only dogecoin rose; It reached $0.10 with a daily increase of 3.8 percent and a weekly increase of 10.1 percent.
Fernando Lillo is one of the directors of the Zoomex exchange. Lillo evaluated: “In order for Bitcoin to make a permanent rise above $ 80,000, the war premium must be resolved and Brent prices must fall below $ 100 per barrel.” He pointed out that the US administration’s continuation of the naval blockade against Iran made the process difficult.
The latest chart in global financial markets
While there was a general decline in risky assets, the rapid rise of 1.1 percent in Nasdaq 100 futures contracts, seen with the balance sheets of Alphabet and Amazon, was replaced by a decline. MSCI Asia Pacific index weakened by 1.4 percent, and European stock markets weakened by 1 percent at the opening.
The appreciation of the dollar and the acceleration of sales in the bond market cause investors to turn to protected instruments. While US 10-year bond interest rates reached their highest level since July, Japanese 10-year bond yields reached their highest level since 1997.
Bitcoin is about to lose its long-standing resistance. Bitcoin, which remained between 74,000 and 78,000 dollars in the first period of the war, did not leave this band even during the period when Brent oil rose from 98 dollars to 126 dollars. However, seeing sharper declines with each new development makes the downward trend in the crypto market permanent.
So much so that BTC is currently moving $ 50,000 below its record of $ 126,000 in October 2025. According to experts, if the restrictions in the Middle East are eased and oil prices are relaxed, Bitcoin may exceed $80,000 or even $85,000 levels again.
