BTC and ETH retreat alongside U.S. equity futures as geopolitical risks lift oil and the dollar.
Bitcoin dipped 1% to $80,800 and ether fell 2% to $2,290 as escalating Iran tensions sent Brent crude to $107 and strengthened the U.S. dollar. U.S. equity futures also declined after comments on the fragile ceasefire raised risk aversion.
The broader crypto market saw mixed performance, with most altcoins underperforming while CRO, CRV, and TON rose 5%-10%. Open interest in crypto futures climbed to $125 billion despite a 6% drop in trading volumes, signaling reduced short-term speculation.
Bitcoin remains above the $76,000 support level cited by Bitmine Chairman Tom Lee as critical for maintaining the bull market into month-end.