Bitcoin’s safe haven story breaks as war shock revives $10,000 risk if oil hits $150 a barrel

Bitcoin, once promoted by some investors as a hedge against geopolitical turmoil, is behaving like a liquidity-sensitive risk asset at a time when energy prices are climbing, and macro stress is spreading. This comes as the conflict between the United States and Iran deepens, with shock rippling through oil, the dollar, and broader financial conditions before landing in a crypto market that is already showing signs o…