Bitcoin price dropped to $65,000 on Saturday before stabilizing near the $66,500 to $67,000 level. The digital currency remains below last week’s levels, which reached around $71,000, and is approximately 47% below its all-time high of $126,080 recorded in October 2025.

Ongoing geopolitical tensions in the Middle East are contributing to declines in oil and energy prices, as intense conflict and halted peace talks keep oil and energy prices high. Rachel Lucas, a cryptocurrency analyst at BTC Markets, said, "What we saw this week was a classic retreat driven by investor risk aversion. Bitcoin touched $72,000 midweek in hopes of a diplomatic breakthrough, then sharply declined as those hopes faded and concerns over oil supplies resurfaced."
Lucas stated that the situation around the Strait of Hormuz is heightening inflation fears, reducing the likelihood of the Federal Reserve cutting interest rates and exerting downward pressure on digital currency prices. Airstrikes on neighboring countries in the region have prevented the conflict from subsiding, while diplomatic talks remain halted.