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LIVE: Oil surges, Bitcoin struggles to stay above $61K as US prepares to launch new attacks on Iran today
Jul 8, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
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AI Overview
Geopolitical escalation at the NATO summit in Turkey, with Trump saying the Iran ceasefire is over and warning the US may strike again, sent stocks lower and pushed oil sharply higher with Brent near $77.56 and WTI around $73.45. This surge in Middle East risk is likely to increase crypto market volatility and pressure risk assets, potentially disrupting trading and liquidity on CEXs and DEXs and affecting Bitcoin and DeFi activity as investors seek safer exposures.
Bearish
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Stocks fell Wednesday after Trump said the Iran ceasefire is over during the NATO summit in Turkey. Oil prices jumped hard, with Brent near $77.56 and WTI around $73.45 as traders priced in fresh Middle East risk. Trump said the US will “very probably” hit Iran again tonight, warning that Washington could strike hard. Bitcoin...
In This News
Coins
$ 64.46K
-0.81%
$ 0.00...147
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In This News
Coins
$ 64.46K
-0.81%$ 0.00...147
Predictions Markets
See what traders are focused on
Share: