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Bitcoin Surges to $65K as S&P 500 Rebounds from Lows Amid US-Iran Tensions

Guavy AI Editorial Team
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Bitcoin surged to $65,000 on Tuesday after a volatile day in US markets. The surge came as the S&P 500 rebounded from its lowest level since August 4, despite rising geopolitical tensions between the US and Iran.

The Strait of Hormuz, a critical oil shipping route, was at the center of the tensions. President Donald Trump posted on Truth Social that the Strait is 'open' and operating, with no further diplomacy planned with Iran.

US 30-year bond yields hit their highest level since January 2007, reaching 5.34%. BNY Mellon analyst Geoff Yu attributed this surge to investors demanding more compensation for inflation risk.

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