Bitcoin settles near $65,000 as oil’s march toward $100 fails to spook the market
BTC held just under $65,000 and crypto broadly rose on Friday even as Brent crude surged to $97.66, its highest since May, as the Iran conflict persists and traditional markets stay muted.
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Summary
- Bitcoin rose toward $65,000 and ether gained 0.6% as crypto held its ground despite Brent crude surging to its highest since mid-May
- After previous oil spikes rattled risk assets, the resilience is one of the more encouraging signals bulls have had in weeks.
- HYPE advanced for a second consecutive session as it builds a pattern of higher lows from its July pullback, while AI tokens FET and NEAR also posted gains and MORPHO extended one of the more consistent DeFi runs of the month.
- The recovery masks lingering weakness beneath the surface, with WLFI, AVAX, HBAR and SUI falling over the past 24 hours, and Lighter extending its pullback from its July peak to nearly 20%.
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Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
