Bitcoin held above $62,000 on Thursday while the assets, which are supposed to absorb a war premium, moved in opposite directions.
Brent crude rose 1% to $78.80 a barrel. barrel, a third straight session of gains after the US military ended another round of strikes against Iran and both sides raised the prospect of closing the Strait of Hormuz.
Gold extended its decline for a fourth day to around $4,060 per ounces. Government bonds in Japan, Australia and New Zealand fell, extending Wednesday’s global sell-off as two-year government yields pushed towards their 2026 high.
Bitcoin is trading at $62,009, down 1.2% over 24 hours and up 1.6% on the week. Ether was at $1,730, also down 1.2% on the day but up 5.7% over seven sessions. Solana was a laggard at $77.25, down 1.8% and 1.7% on the week. XRP fell 0.7% to $1.09, TRON added 4% over seven days and hyperliquids HYPE rose 5.9% on the week despite a 1.2% daily drop.
The escalation gave rise to inflation concerns and pushed forward interest rate expectations.
