Bitcoin held just under $65,000 on Friday, with the broader crypto market also seeing gains. This price stability came even as Brent crude oil surged to $97.66, its highest point since May.
The rise in oil prices is attributed to the ongoing conflict in Iran. Despite this geopolitical tension, traditional markets remained muted, and the crypto market was unaffected by the oil price surge.
This is based on reporting from CoinDesk. The oil price has been marching towards $100, but this has failed to spook the crypto market, with Bitcoin settling near $65,000.