WS #15738
Bitcoin has dropped 2.2% to $83,700 as geopolitical instability and rising oil prices trigger a flight to safety. Futures selling and ETF outflows are pressuring the asset, though some fresh capital continues to enter the market. The correlation between crypto and risk assets remains high, with Bitcoin struggling to maintain its 'digital gold' narrative during active conflict.
Crypto Market Stress
Bitcoin has dropped 2.2% to $83,700 as geopolitical instability and rising oil prices trigger a flight to safety. Futures selling and ETF outflows are pressuring the asset, though some fresh capital continues to enter the market. The correlation between crypto and risk assets remains high, with Bitcoin struggling to maintain its 'digital gold' narrative during active conflict.