Oil Spike Triggers Bitcoin Selloff Below $66K Amid Rate Hike Fears
Bitcoin tumbles below $66,000 as surging oil prices reignite inflation concerns tied to escalating Iran tensions, marking a sharp reversal from the cryptocurrency’s strongest month-long rally. The selloff extends across risk assets as crude oil climbs past $87 per barrel, pushing both Treasury yields and Federal Reserve rate hike odds to fresh cycle highs. Background:…