On Thursday, Bitcoin reclaimed the $70,000 level, trading near $70,550, despite an attack on oil tankers in the Strait of Hormuz sending crude prices surging above $100 per barrel. Analysts warn that supply disruptions could trigger persistent inflation and delay monetary easing policies, thereby tightening financial conditions. Despite heightened risk-off sentiment in the market broadly, Bitcoin has gained over 8% since the conflict escalated, outperforming gold and the Nasdaq 100 index. Market participants remain divided on Bitcoin's next move, with prediction markets assigning a 50% probability to both a rally to $84,000 and a selloff to $55,000.