Bitcoin, U.S. stock futures give up early gains as Iran conflict intensifies

Bitcoin BTC$66,227.89 pulled back from Asian session highs alongside losses in the U.S. stock futures as Iran stepped up attacks in the Middle East.

The leading cryptocurrency fell back below $66,000 after hitting a high of nearly $67,000 in early Asian hours. The S&P 500 e-mini futures fell to 6,790, down 1.4% on the day, reversing the early rise to 6,857. Meanwhile, oil prices continued to trade higher by over 7% on both sides of the Atlantic.

Iran reportedly stepped up missile attacks on the U.S. assets in Bahrain, Kuwait and the UAE. It also attacked Saudi Arabia’s oil infrastructure, the widely-followed Warn and Gore OSINT handle. Saudi Arabia is one of the largest oil producers in the world.