Bitcoin Fell Against the Backdrop of Geopolitical Tensions

Bitcoin's price declined by 0.7% on Friday, reaching $64,471. On a weekly basis, the world's largest cryptocurrency is heading toward losses of less than 1%, despite a short-term recovery recorded at the beginning of the week.

The downward trend has affected the entire cryptocurrency market. Investor sentiment was further impacted by declines in stock markets, particularly in the technology and artificial intelligence sectors.

Negative market sentiment was intensified by the escalation of the US-Iran conflict. Iran-backed Houthis carried out attacks on two Saudi Arabian vessels in the Red Sea, further increasing the risks of disruptions in oil supplies.

Against this backdrop, oil prices have risen approximately 15% over the week, which strengthens expectations of energy-driven inflation and stricter monetary policy from central banks worldwide.

Additional pressure is being created by the Trump administration's decision to implement new tariffs for 60 trading partners. The tariffs came into effect on Friday, intensifying fears of a renewed global trade war.

According to analysts, while oil supply disruptions and tariffs do not have a direct impact on Bitcoin, their potential effects on the global economy make investors more cautious and reduce demand for high-risk assets, including cryptocurrencies.