Bitcoin slides toward $75,000, ETH, SOL, XRP drop as oil hits four-year high

Crypto sold off across the board with bitcoin down 2.1% and ether off 3.4% as Brent crude surged 7.1% to $126 a barrel on reports President Trump is being briefed on military options for Iran.\nWhat to know : Bitcoin and major cryptocurrencies fell as Brent crude surged to a four-year intraday high on renewed fears of U.S. military escalation against Iran. The jump in oil prices reflects a growing war premium tied to the effective shutdown of the Strait of Hormuz and expectations that hypersonic U.S. weapons could be deployed in the region. Analysts say Bitcoin is unlikely to break above $80,000 unless Middle East tensions ease and Brent crude drops below $100 a barrel, which could spur a broader rally in risk assets.