Markets shifted as soon as oil suddenly spiked.
As U.S. futures opened, crude jumped from around $95 to nearly $113 per barrel.
The surge came after rising geopolitical tensions and fresh warnings about possible supply disruptions in the Strait of Hormuz, one of the world’s most critical energy routes.
Price slipped from about $66,960 to roughly $65,725 within minutes before rising again.
The situation heated up after Donald Trump commented on the oil surge. He acknowledged the spike but suggested prices could fall quickly and pushed back on releasing strategic reserves, saying the U.S. still has plenty of supply.
TRUMP: OIL MAY RISE, BUT IT’LL DROP VERY FAST
Trump says the Iran conflict is a short-term “excursion.”
"We figured oil prices would go up, which they will. They'll also come down. They'll come down very fast." pic.twitter.com/3yP5JMnFAt— Coin Bureau (@coinbureau) March 8, 2026
The bigger shift is in the narrative. Earlier in the week, Bitcoin actually rallied during geopolitical tension, jumping from below $64,000 to above $73,000 as some investors treated it like a hedge.
Now that the story is changing. Instead of acting like a safe haven, Bitcoin started trading more like a typical risk asset once energy markets took center stage.
Bitcoin Price Prediction: Where is BTC Going Now?
From a technical angle, the Bitcoin price is getting squeezed just like the world right now.
The chart shows price compressing inside a tightening wedge while the market digests the oil shock. Earlier this week BTC tried to push higher, but it is now struggling to reclaim the $72,000 level.
That level is the big barrier right now. It also lines up with the descending trendline that has rejected several rallies.
If Bitcoin breaks and holds above $72,000, momentum could change quickly. The next targets would sit near $80,000, then $84,000, with $90,000 coming into view if sentiment improves.
But the downside levels matter just as much. If BTC keeps getting rejected at resistance, the first major support sits around $64,000.
Lose that level, and the market likely tests $60,000 next.
New Bitcoin Presale Raises Millions to Bring Solana Technology to Bitcoin
Bitcoin has one annoying problem. It is powerful, secure, and trusted. But it is also slow. Really slow.
That is why most people treat it like a digital trophy. They buy it, stare at the chart, and pray the next candle turns green.
Bitcoin Hyper ($HYPER) is trying to change that.
Instead of letting Bitcoin just sit there like a trophy asset, BTC Hyper is trying to unlock what it can actually do. The idea is pretty simple. Take Bitcoin’s security and combine it with the speed and efficiency you normally see on networks like Solana.
That means faster payments, staking, apps, and real activity on top of Bitcoin instead of just staring at charts all day.
And clearly people are paying attention.
The presale has already raised more than $32 million, with $HYPER currently priced at $0.0136751 before the next scheduled increase.
There is also a big incentive for early buyers. Tokens can be staked right away with rewards reaching up to 37%, which is exactly the kind of yield that tends to pull early momentum and speculative capital quickly.
To buy HYPER before it lists on exchanges, simply visit the official Bitcoin Hyper website and connect a wallet (such as Best Wallet).
Visit the Official Bitcoin Hyper Website Here
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