Live markets: Bitcoin drops to $62,000 as oil and bond yields surge on collapse of Iran ceasefire
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- Bitcoin dropped to $62,100, down 2.4% over 24 hours, after the Iran ceasefire collapsed, even as oil jumped and bond yields pushed near multi-year highs.
- Oil shot higher by almost 7% in a single session following the ceasefire breakdown, one of the sharpest moves cited in the update.
- The Nasdaq recovered from a morning decline of more than 1% to close up 0.2%, led by a 3.65% advance in Nvidia.
- Ether (ETH) and XRP both fell roughly in line with bitcoin, down about 2.4% over 24 hours.
- Strategy (MSTR) fell 3.6% and Coinbase dipped 2.5%, while Robinhood, Gemini, and Galaxy Digital posted small gains — crypto equities diverged sharply.
- Bond yields rose near multi-year highs alongside the oil spike, adding a rates-driven headwind to the risk-off pressure on crypto.
Why it matters: The Nasdaq recovered to a 0.2% gain led by Nvidia, but bitcoin failed to bounce — sliding to $62,100, down 2.4% — as oil surged nearly 7% and bond yields pushed multi-year highs, leaving Strategy down 3.6% and Coinbase off 2.5%.
