Bitcoin below $77,000 amid inflation concerns

The world’s largest cryptocurrency last traded 0.1% lower at $76,818.9, after sliding in the last four sessions

Bitcoin steadied below the $77,000 mark on Tuesday after four straight sessions of losses, as investors monitored developments in the Iran war and weighed the impact of surging oil prices on inflation and interest-rate expectations.

The world’s largest cryptocurrency last traded 0.1% lower at $76,818.9 by 05:33 GMT, after sliding in the last four sessions.

Bitcoin had jumped above $82,000 last week on resilient ETF inflows.

Market sentiment remained fragile even as U.S. President Donald Trump said planned attacks on Iran had been postponed while diplomatic efforts continued.

However, uncertainty over the Strait of Hormuz and threats to global crude supply kept investors defensive.

Oil prices stayed elevated above $100 a barrel after increasing sharply in recent weeks on fears of supply disruptions linked to the Middle East war.

The rise in oil prices has fuelled concerns that inflation across the world could remain sticky for longer, potentially forcing central banks to keep interest rates elevated and hurting appetite for speculative assets such as cryptocurrencies.

U.S. Treasury yields remained high on Tuesday, with the benchmark 10-year yield hovering near 4.44% after a sharp jump in recent sessions as investors priced in inflation risks from higher energy costs.

Analysts said Bitcoin continued to trade largely in line with broader risk sentiment, with geopolitical tensions overshadowing optimism around institutional demand and spot ETF inflows.

The world’s largest cryptocurrency continues to trade within a complex macro environment where ETF inflows, regulatory developments, and institutional accumulation remain supportive, while geopolitical tensions, inflation concerns, and broader risk-off sentiment continue generating sharp swings in price action, IG analysts said in a recent note.

Broader financial markets also remained uneasy. Asian equities struggled for direction while bond markets globally stayed under pressure amid fears the Iran war could evolve into a prolonged inflationary shock for the world economy.