Bitcoin Slips Below ₱4,177,785 ($69,000) as Oil Tops ₱6,055 ($100) Amid Tensions
White House crypto and AI adviser David Sacks stepped down after helping advance digital asset legislation, as markets digested escalating geopolitical risks pushing investors toward traditional safe havens.
Key Takeaway
Geopolitical shocks still push crypto investors back to oil and traditional havens.
Bitcoin dropped below ₱4,177,785 ($69,000) as oil prices climbed back above ₱6,055 ($100) per barrel, reflecting investor rotation toward traditional safe havens amid Middle East tensions.
The price slide reflected escalating geopolitical risks that typically drive capital away from risk assets like crypto and into commodities. XRP fell harder, dropping to around $1.37 during the same trading session.
White House crypto and AI adviser David Sacks stepped down from his role after helping push forward key digital asset legislation. Sacks had worked with U.S. lawmakers on developing a clearer regulatory framework for crypto during his tenure.
The correlation between Bitcoin weakness and oil strength illustrates how macro forces dominate crypto price action when geopolitical uncertainty spikes. Traditional flight-to-safety patterns override crypto's decoupling narrative during crisis moments, a pattern that reasserted itself as Sacks' departure was reported on March 28, 2026.
🇵🇭 What This Means for Filipinos: Filipino traders on PDAX and Coins.ph face higher dollar-cost averaging entry points as Bitcoin dips, while higher oil prices typically weaken the peso against the dollar, making crypto purchases more expensive for Philippine users buying with local currency.
