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Bitcoin steadies near $64,700 as Middle East tensions push Brent crude above $83 a barrel.

Market News
07 Aug 2026
Coindesk
View Source
Neutral
Bitcoin steadies near $64,700 as Middle East tensions push Brent crude above $83 a barrel.

Bitcoin remains stable around $64,700 despite escalating Middle East tensions following an attack by Yemen’s Iran-linked Houthis on Saudi Arabia, which has driven Brent crude oil prices above $83 a barrel. This geopolitical unrest has also boosted gold prices by 1.5% to $4,300 per ounce as investors seek safe havens. Meanwhile, Treasury yields hold at 4.67%, suggesting tighter financial conditions that could limit near-term rate cuts and weigh on risk assets like bitcoin. Crypto markets show cautious trading ahead of the U.S. payroll report, with mixed signals in futures and options activity.

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