Bitcoin drops under 63k as surging oil prices spook traders

Bitcoin is feeling the heat as energy markets boil over. The digital asset slipped below the $63,000 mark today, retreating as WTI crude oil surged past $82 a barrel. It's a classic risk-off move driven by renewed inflation fears that have sent bond yields climbing alongside the price at the pump. When oil gets expensive, the market starts betting on higher-for-longer interest rates, and that rarely bodes well for crypto's momentum. This latest price action wipes out recent gains and forces bulls to defend psychological support levels. Traders are now watching the bond market's reaction to see if this is a temporary spike or a sustained shift in macro pressure. If crude keeps its upward trajectory, Bitcoin’s path back to its recent highs just got a lot steeper. Will the 60k support hold, or is the inflation trade back in the driver's seat?