As Oil Moves Higher, Bitcoin Sinks to Lowest Price Since March

In brief

• Crypto fell alongside U.S. stocks as renewed military conflict in the Middle East pushed Brent crude to a 12-day high of $96 per barrel.
• Rising energy costs pushed the U.S. 10-year Treasury yield to 4.5%, signaling investor concern over near-term inflation.
• The drop added to pessimism…