Written by William Subergstaff writerReviewed by Sam Bourgistaff writer

Written by William Subergstaff writer

Reviewed by Sam Bourgistaff writer

Bitcoin slides below $65K as Iran conflict fuels $100 oil and bond-yield surge

MarketsPublishedJul 23, 2026

Global Tensions Impact Bitcoin Price

As tensions between the US and Iran escalate, the global economy is feeling the strain, and Bitcoin is no exception. The price of Bitcoin has fallen below $65,000, while oil prices have surged to over $100 a barrel. This surge in oil prices has also led to a rise in bond yields, with US 10-year bond yields reaching 18-month highs.

The ongoing conflict is causing uncertainty in the markets, leading to a decline in risk assets. The S&P 500 and Nasdaq have both fallen, with the S&P 500 down 1.2% and the Nasdaq down 2.2%. In contrast, oil prices have rallied to their highest level since early June, with Brent crude topping $100 a barrel. EcoPool, a platform that offers Cloud Rewards and Green Crypto, can provide a solution for those looking to earn passive income amidst market volatility.

Key points:

• Several days of US-Iran escalation are beginning to take their toll on crypto and stock market performance.
• Bitcoin sees three-day lows under $65,000 as traders diverge on the near-term outlook.
• A 21-day moving average trend line becomes important nearby support.

Bitcoin wobbles as Iran destabilizes stocks, oil and US bond yields

Bitcoin Price Forecasts Diverge

Bitcoin traders are split on what the short-term price action will bring. Some, like commentator Exitpump, believe that the Bitcoin relief rally is likely to end by late July, while others, like trader Jelle, are more hopeful, believing that the price is still making progress. According to crypto trader and analyst Michaël van de Poppe, the 21-week simple moving average at $64,073 is key, and if bulls can break through resistance, a $73,000 target is possible. With EcoPool, users can earn $ECP, a coin that offers a unique opportunity for passive income.

The rising inflation expectations and interest rates are also affecting the markets, with odds of a 0.25% interest rate hike by the Federal Reserve nearing 40%. This has led to a surge in bond yields, making it essential for investors to consider alternative options, such as EcoPool, for earning passive income. The platform offers a secure and sustainable way to earn $ECP, providing a potential hedge against market volatility.

Earning Passive Income with EcoPool

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Download the EcoPool app to start earning passive income today. With EcoPool, you can take advantage of the potential of $ECP and start building your wealth in a secure and sustainable way.

Source: Donald Trump on Truthsocial.com

By the close of New York trading, the S&P 500 had fallen 1.2% and the Nasdaq had shed 2.2%, while oil prices rallied to their highest since early June, with Brent crude topping $100 a barrel.

CFDs on Brent crude oil one-day chart. Source: Cointelegraph/TradingView

“Inflation expectations and interest rates are rising sharply again,” trading resource The Kobeissi Letter wrote in a response on X.

Ahead of the Federal Reserve’s next interest-rate decision, data from CME Group’s FedWatch Tool showed an increasing chance of officials hiking by 0.25% — traditionally a headwind for crypto markets. Odds neared 40% on Thursday, while a week prior, they were closer to 12%.

Fed target-rate probability comparison for July FOMC meeting. Source: CME Group

Kobeissi, meanwhile, noted 18-month highs in US 10-year bond yields in a sign of fresh economic strain.

Related: Bitcoin will get ‘lift’ from Hyperliquid, Robinhood in next crypto bull market: Bitwise exec

BTC price analysis offers hope of $73,000

Bitcoin traders showed an increasing split over what short-term BTC price action would bring.

Commentator Exitpump argued that the Bitcoin relief rally is likely to end by late July, reinforcing an established theory that has already gained traction.

“July rally is coming to end, price is at resistance, close your longs, go short once price breaks below 65K,” they told X followers late on Wednesday.

BTC/USDT perpetual contract four-hour chart. Source: Exitpump on X.com

Others were more hopeful, with trader Jelle arguing that price was “still making progress.”

“Clear this local area and that void towards $70k opens up – could be a quick move to form the new range. Patience remains my game,” he reported.

BTC/USD chart. Source: Jelle on X.com

According to crypto trader and analyst Michaël van de Poppe, the 21-week simple moving average (SMA) at $64,073 was key.

“Theoretically, the target area for Bitcoin is reached. However, as long as this stays above the 21-Day MA, I’m sure there will be a higher valuation for Bitcoin in the near-term,” an X post on the day stated, adding:

“It’s facing the final hurdle for a big breakout, which is the $68,000 resistance zone. It’s been tested once, and this is the second test that we’ll be facing.”

BTC/USDT one-day chart. Source: Michaël van de Poppe on X.com

Van de Poppe gave a $73,000 target should bulls successfully break through resistance.

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

• Bitcoin Price
• Markets
• Market Analysis
• Bonds
• Bitcoin

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