Bitcoin Slips as Oil Jumps on Middle East Tensions... Clarity Act and the FOMC Will Decide Its Fate

Bitcoin rebounded to around $65,700 at one point, but gains faded as U.S.-Iran tensions pushed up oil prices and Treasury yields.

Markets now see the U.S. Clarity Act review in Congress and the Fed’s July FOMC decision as the main near-term price drivers.

If expectations for the bill and a rate hold remain intact, Bitcoin could recover; fresh tightening signals or regulatory delays could add downside pressure.