Bitcoin recovers to $67,400 after dipping below $65,200 as Houthis enter Iran war

The conflict's fifth week brought its widest expansion yet, with Iran-backed forces opening a new front and U.S. ground troops arriving in the region. What to know : Bitcoin briefly fell to $65,112, its lowest level since the war-related February crash, before rebounding above $67,000 as Asian markets opened. The latest escalation in the conflict, including Houthi involvement, new U.S. troop deployments and Iranian attacks on aluminum facilities, rattled global markets and pushed Brent crude to about $115 a barrel. Bitcoin's drop below its recent pattern of higher lows raises questions about whether its war-time trading range will hold, while surging oil and metals prices threaten broader inflation and could delay Federal Reserve rate cuts.