Bitcoin pulled back from Asian session highs alongside losses in the U.S. stock futures as Iran stepped up attacks in the Middle East.
The leading cryptocurrency fell back below $66,000 after hitting a high of nearly $67,000 in early Asian hours. The S&P 500 e-mini futures fell to 6,790, down 1.4% on the day, reversing the early rise to 6,857. Meanwhile, oil prices continued to trade higher by over 7% on both sides of the Atlantic.
Iran reportedly stepped up missile attacks on the U.S. assets in Bahrain, Kuwait and the UAE, according to several open source intelligence (OSINT) sources on X. It also attacked Saudi Arabia’s oil infrastructure, the widely-followed War & Gore OSINT handle said. Saudi Arabia is one of the largest oil producers in the world.
Meanwhile, according to BBC, Israel launched carried out another round of airstrikes in Lebanon, targeting Iran’s premier regional proxy, Hezbollah.
The conflict began Saturday after the U.S. and Israel attacked Israel in what has been described as a pre-emptive move to cripple its missile arsenal and nuclear ambitions.