Bitcoin defies equities as oil rally pushes it to weekly high
Bitcoin climbed about 2.6% to roughly $71,500, its highest in a week, as Brent crude surged on Middle East tensions. Analysts point to crypto-specific demand—highlighted by Strategy’s 11.5% yield STRC product linked to Bitcoin exposure—and renewed BTC inflows as drivers, helping cryptos withstand equity weakness amid a broader oil-driven rally.