Bitcoin Holds Near $65,200 Amid US-Iran Tensions and Oil Price Surge

Bitcoin held steady near $65,200 on Friday, despite ongoing tensions between the US and Iran. The price of oil surged past $90 a barrel, driving Treasury yields to their highest levels in 18 months.

The seven consecutive sessions of spot ETF inflows worth nearly $1 billion helped support Bitcoin's price. However, resistance remains at $66,000 ahead of the July 28-29 Fed meeting.

Ethereum and Solana posted solid gains, outperforming Bitcoin as investors balanced geopolitical tensions, rising oil prices, and regulatory uncertainty.

Nischal Shetty, Founder of WazirX, flagged Argentina's proposal allowing mutual funds to invest directly in Bitcoin as a meaningful adoption signal. Bitcoin's near-term support lies between $64,200 and $64,500.