Stock Market LIVE Updates, Sensex Today: Markets Likely To Fall As Brent Crude Tops $100 Amid US-Iran War

Vikram Subburaj, CEO, Giottus.comBitcoin traded near $65,100 on Friday, falling about 1% over the past 24 hours. The decline came as surging oil prices, higher Treasury yields, and renewed expectations of further Federal Reserve tightening reduced demand for risk assets.Immediate support is located around $64,600-$65,000, followed by the stronger on-chain demand shelf near $63,000. Resistance is visible at $65,800-$66,000, followed by $67,000 and the short-term-holder cost basis near $69,000.On-chain conditions remain constructive but incomplete. The $69,000 level is the average breakeven price for recent buyers, while the $63,000 area remains the strongest nearby demand zone.Exchange inflows continue to fade, reducing immediate sell-side pressure. However, accumulation remains concentrated among wallets holding 1,000-10,000 BTC, and spot participation has not broadened sufficiently to confirm a durable breakout.Institutional demand has improved materially. US spot Bitcoin ETFs recorded approximately $999.3 million in inflows across seven consecutive positive sessions from July 14 to July 22. These inflows more than offset the $424.7 million outflow recorded on July 13. July 23 showed a preliminary $22.6 million outflow, although BlackRock's IBIT figure remained unavailable.Large-cap altcoins were broadly weaker. Ethereum declined 2.7% to $1,875, BNB fell 0.6% to $567, XRP dropped 2.5% to $1.11, and Solana lost 2.9% to $75.64. TRON was comparatively resilient, remaining almost unchanged at $0.329. The larger declines in Ethereum and Solana indicate that higher-beta assets are bearing more of the current risk reduction.The July 28-29 Federal Reserve meeting is the main macro catalyst. Markets now assign roughly a one-in-three probability of an immediate rate increase. Brent crude near $100.85 and the US 10-year Treasury yield around 4.70% have revived inflation concerns and could keep liquidity conditions restrictive.