Bitcoin Price Surges Past $90,000 as Oil Rises on Geopolitical Tensions

The price of Bitcoin (BTC) has broken through the significant $90,000 threshold, marking a major milestone for the leading cryptocurrency. This rally coincides with rising oil prices, fueled by diminishing hopes for a near-term peaceful resolution to the Russia-Ukraine conflict. Market analysts observe that investors are increasingly viewing digital assets like Bitcoin as a hedge against geopolitical instability and inflationary pressures stemming from the energy market. The simultaneous upward movement in both asset classes underscores a shift in global risk sentiment, with capital flowing into perceived safe-havens and alternative stores of value. This price action highlights Bitcoin's growing correlation with macro-economic indicators and its evolving role in the global financial landscape.