Bitcoin fell 1.8% to $66,095.99 in the past 24 hours, according to CoinGecko, as crude oil prices surged on heightened U.S.-Iran tensions. Ethereum declined 1.6% to $1,939.33, and Binance Coin fell 0.8% to $612.08. Other leading altcoins also slipped, with Solana down 1.6%, Ripple down 1.0%, Cardano down 2.0%, Dogecoin down 0.9%, Shiba Inu down 0.7%, Stellar Lumens down 1.1%, and SUI down 1.7%. The Fear & Greed Index stood at 12, signaling extreme fear.
CoinDesk attributed the declines to surging crude prices potentially tightening financial conditions and pressuring risk assets. Oil prices rose amid heightened Middle East tensions, with WTI for April up 19.1% to $106.75 per barrel, a four-year high and roughly doubling early-2026 levels. Assets like Bitcoin, which lack inherent cash flows, are highly sensitive to liquidity conditions. With the conflict intensifying, oil surged and investors pared back expectations for Fed rate cuts.
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