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Crypto News Bitcoin (BTC) is holding near $64K as risk markets absorb an abrupt geopolitical jolt: President Donald Trump declared the interim Iran ceasefire “over” after renewed attacks on commercial ships and US facilities in the Gulf, and American forces then launched fresh strikes on Iranian targets. Oil reacted instantly. Brent crude settled 5.2% higher and WTI added 4.4% to a two-week high, feeding directly into inflation expectations that shape how AI trading bots and macro desks price crypto risk. Our reading of the tape is that digital assets are trading as a leveraged proxy for global liquidity, not as a safe haven, in this episode. The second shock hit European equities. Trump ordered Treasury Secretary Scott Bessent to halt trade and official visits with Spain, accusing Madrid of underspending on defence and obstructing the US campaign against Iran. Spanish assets sold off sharply within the session. The IBEX 35 lost 2.6%, making it Europe’s worst-performing major index that day. For crypto, the read-through is a stronger dollar and tighter cross-border risk appetite — conditions that historically pressure high-beta assets such as altcoins harder than Bitcoin itself, a rotation we are watching closely in the current tape. The damage concentrated in Spain’s financial complex. Santander shares dropped 4.3%, BBVA fell 3% and Inditex, the owner of Zara, declined 3.6%, while Spain’s 10-year government bond yield rose nine basis points as investors demanded higher compensation to hold the debt. Rising sovereign yields tighten collateral conditions across leveraged books, and that same mechanism ripples into digital-asset funding. It is a reminder that even algorithmic stablecoins and on-chain lending markets remain tethered to the price of traditional risk-free rates when volatility spikes across bond desks worldwide. Trump’s third move layered fresh defence-sector risk onto the week. He backed tougher sanctions on Russia and…