Bitcoin surged to $77,000 Tuesday as the United States and Israel launched strikes on Iran, threatening the Strait of Hormuz and sending Brent crude above $111 per barrel.
The geopolitical escalation has prompted a flight to traditional safe havens like gold, while Bitcoin exhibited mixed risk-asset behavior.
Prediction markets show 99.2% confidence Bitcoin will stay above $68,000 through May 3. However, odds for reaching $79,000 by April 30 or $94,000 by May 3 remain near zero.
Traders are now watching for U.S. naval actions, any de-escalation signals, and potential Federal Reserve or Bitcoin ETF commentary that could shift sentiment.