Bitcoin drops as Rubio privately signals Iran war may last weeks, locking in high oil prices
Bitcoin fell as Senator Rubio privately suggested the Iran conflict could last weeks, sustaining high oil prices and tight liquidity.Summary
Bitcoin dropped to an intraday low of $65,571.07 following private signals from Senator Marco Rubio to G7 ministers that the war with Iran might last two to four weeks, which sustains macro strain.
This prolonged conflict keeps oil prices elevated (Brent crude up 53% since the war began), leading to sticky inflation expectations and cementing a 'rate-cut freeze' by the Fed, as risk assets like Bitcoin are highly sensitive to liquidity conditions. Bitcoin is currently trading like a high-beta liquidity instrument, correlating more with equities than safe havens like gold.
The market is now pricing the duration of the oil shock, with Rubio's private timeline pushing expectations toward a durable disruption. Scenarios suggest Bitcoin could remain in a $58,000-$66,000 range if the war lasts the full four weeks, while a quick diplomatic resolution could see it recover toward $69,000–$75,000 as the oil risk premium erodes.
(Source：CryptoSlate)