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Bitcoin holds $70,000 as oil surges near $100 amid Iran tensions
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Bitcoin has maintained its position around $70,000 despite a sharp rise in oil prices driven by escalating tensions with Iran. U.S. stocks tumbled on concerns over energy costs and private credit issues, while President Trump prioritized stopping Iran over price worries. Later, Treasury Secretary Scott Bessent's announcement on Russian oil eased some pressures, pushing Bitcoin toward $72,000.
New York's stock exchange posted gains for the second straight day after weak US labor market data. Meanwhile, Mexico's stock exchange and Asian markets closed lower. Investors eye the Fed's December meeting amid signs of labor weakening.