Bitcoin Weakens as Oil Surges Back Above $100 on Iran War

Bitcoin fluctuated close to recent price levels as oil briefly jumped back above $100 a barrel on deepening concerns about the Iran conflict. The original cryptocurrency fell as much as 2% following attacks on two oil tankers in Iraqi waters, before settling in at around $70,000 during New York trading hours. Brent crude soared as much as 10.5%, prompting risk-off sentiment across markets, including equities. Most Read from Bloomberg Bitcoin has been relatively stable compared with other assets since t ...