Markets on edge as U.S.-Iran conflict escalates. Bitcoin trades at sixty-five thousand four hundred seventeen dollars amid geopolitical volatility, oil surges thirteen percent at open, and crypto ETFs see nine billion in outflows over four months. We break down institutional sentiment, regulatory developments on stablecoins, and why energy prices are the hidden catalyst determining crypto's next move. Trade data, liquidations, and what happens if the Strait of Hormuz closes.