Gulf Geopolitical Tensions Push Bitcoin Above $81K as Treasury Yields Test 4.5%

Financial markets are reacting to military tensions in the Gulf as Bitcoin reached a three-month high, breaching the $81,000 level. Emerging hopes for a diplomatic deal between the US and Iran are now boosting sentiment for risk-on assets, even as oil markets face significant pressure. Specifically, Brent crude dropped 11% to reach the $98 level as traders price in a potential de-escalation. Simultaneously, the 10-year US Treasury yield remains elevated at 4.44%, while technical forecasts suggest Bitcoin will maintain a floor above $66,000 through early May. Despite the pressure from high yields, market participants are focused on how a successful deal could re-energize liquidity flows into riskier asset classes. The evolving diplomatic landscape remains the primary catalyst for global market volatility and risk appetite.