Bitcoin Slumps to $66K as Oil Breakout Adds Macro Pressure

Today’s Bitcoin (BTC) sell-off coincides with a massive breakout in crude oil prices, which surged past $110 per barrel on escalating Middle East tensions.The original cryptocurrency briefly dropped down to $66,010 on Monday, marking a 10% slide from its March 5 peak of $73,670.That energy shock is rattling risk assets globally. As oil costs climb 30% on the day, traders fear renewed inflation will force the Fe…