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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid escalating geopolitical risks in the Middle East, high-risk assets faced selling pressure as investors shifted toward safe havens. Bitcoin price fell below the $65,000 level, recording a 1.5% loss on Thursday according to reports. This decline followed U.S. President Donald Trump's threats of a "massive attack" on Iran in response to the targeting of Saudi tankers and attacks on U.S. forces in the region.
Markets were further impacted by heightened tensions after Iran-aligned Houthis claimed attacks on two Saudi oil tankers, Encelia and Layla, in the Red Sea. Per analyst data, these developments triggered a surge in crude oil prices, with Brent crossing $100 per barrel, raising fears of worsening inflation and its impact on monetary policy. Traders are now watching whether Bitcoin can hold above its July lows after failing to maintain the $65,000 support level.
Looking at technical levels, specific Bitcoin prices remain qualitative as authoritative price data was unavailable at the time of this report (close July 23, 2026). With no major economic catalysts in the immediate upcoming calendar, investors are awaiting official White House announcements regarding potential military action, as Trump indicated he is close to a decision, which could further heighten crypto market volatility.
Update: These geopolitical tensions have triggered a shift in macro expectations, with the probability of a Federal Reserve rate hike in July surging to nearly 40%. The spike in oil to $100 has coincided with a rise in bond yields, further pressuring digital assets which typically react negatively to higher borrowing costs and a stronger dollar environment.