Bitcoin declined below $65,000 on Thursday, reaching a three-day low of $64,799, as escalating tensions between the United States and Iran weighed on risk assets. US equities retreated, with the S&P 500 falling 1.2 percent and the Nasdaq Composite declining 2.2 percent. Brent crude oil rose above $100 a barrel, its highest level since early June.

President Donald Trump stated that he would hold Iran responsible for recent Houthi attacks on Saudi Arabian commercial vessels and expressed disappointment over the strikes, citing earlier incidents involving US ships. The developments contributed to sharper increases in inflation expectations and interest rates. Market pricing of the Federal Reserve’s next policy decision showed the probability of a 0.25 percentage point rate increase approaching 40 percent, up from roughly 12 percent a week earlier. US 10-year Treasury yields reached 18-month highs.

Market participants displayed diverging views on the near-term path for Bitcoin. Some analysis pointed to the end of a recent relief rally, with resistance near $65,000 and a preference for reduced long exposure on a break lower. Other assessments described ongoing progress and the potential for a move toward $70,000 once local resistance clears. A key technical level cited was the 21-day moving average near $64,073, with a possible advance toward $73,000 contingent on a sustained break above the $68,000 zone.