Bitcoin rises as oil spikes, equities drop

Bitcoin climbed during European trading hours even as U.S. equity futures, gold and silver fell, highlighting its relative resilience to oil shocks and war risks. What to know : Bitcoin rose 2.8% since midnight UTC while Nasdaq 100 and S&P 500 index futures dropped more than 1.5% and oil surged to $115 per barrel. Gold fell 1.6% and silver 1.1%, weakening the traditional haven narrative as investors instead moved into the U.S. dollar. Altcoins and DeFi tokens rallied overnight, with DASH, XMR and ZEC gaining up to 5.2% and ETHFI and MORPHO outperforming BTC and ETH.