Bitcoin climbs toward $68K as oil backs off 25% spike and G7 weighs reserve release

Bitcoin recovered from a slide to about $65,725 and briefly approached $68,000 as crude oil retreated from an overnight jump of nearly 25% above $117 to roughly $100. The rebound followed reports that G7 finance ministers planned an emergency call to consider a coordinated release of 300–400 million barrels from strategic reserves, while onchain oil-linked trading volumes on Hyperliquid and Tradexyz hit fresh weekend records.