Bitcoin is trading through a dangerous weekend as 20% of the world’s oil hangs in the balance

Bitcoin traded near $62,900 on Friday afternoon, down roughly 38% from its October 2025 all-time high, as Brent crude settled above $85 and the Strait of Hormuz remained effectively closed to normal commercial traffic. By early Saturday, it had recovered to around $63,900, then traded flat throughout the EU morning. The disputed waterway normally carries 20.9 million barrels of oil per day, about one-fifth of global …