Bitcoin held above $62,000 on Thursday, while assets that were supposed to absorb a war premium moved in opposite directions.
Brent crude rose 1% to $78.80 a barrel, a third straight session of gains, after the U.S. military completed another round of strikes on Iran and both sides raised the prospect of closing the Strait of Hormuz.
Gold extended its decline for the fourth consecutive day to around $4,060 an ounce. Government bonds in Japan, Australia and New Zealand fell, extending Wednesday’s global sell-off, and two-year Treasury yields neared their 2026 high.
Bitcoin was trading at $62,009, down 1.2% in 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 lagged at $77.25, losing 1.8% and 1.7% for the week. XRP fell 0.7% to $1.09, TRON added 4% in seven days and Hyperliquid HYPE gained 5.9% for the week despite a 1.2% daily drop.
The escalation revived concerns about inflation and raised expectations about rates.
