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Bitcoin is about to log its longest losing streak since 2022 as geopolitical nerves hit risk trades

Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.

What to know:

Escalating tensions in the Middle East have lifted both the U.S. dollar index and WTI crude, tightening financial conditions and pressuring risk assets.

Bitcoin is on track to post its fifth consecutive weekly decline, a streak not seen since March to May 2022.

Bitcoin is on course to print its fifth consecutive weekly loss, which would mark the first such streak since March to May 2022, when bitcoin went down for nine consecutive weeks.