Bitcoin holds firm as Iran war shakes markets
Bitcoin has emerged as a relative safe haven since the outbreak of the Iran war, climbing nearly 14% and holding above $74,000 despite sharp volatility across traditional markets.
The cryptocurrency’s gains contrast with a 40% surge in oil, a 5% drop in gold, and a 4% decline in the MSCI World Index, highlighting divergent investor behaviour during geopolitical stress.
“Bitcoin’s resilience here is less about narrative and more about mechanics,”
Said BTC Markets analyst Rachael Lucas, noting institutional demand is absorbing supply on market dips.
Market data shows roughly $1.5 billion flowing into US-listed spot Bitcoin exchange-traded funds this month, reinforcing the role of institutional capital in supporting prices.
Analysts at 10x Research said the rally has also been driven by traders unwinding bearish options positions, which forced market makers to buy Bitcoin and created upward price pressure.
Bitcoin previously dropped to $63,038 following the initial US and Israel strikes on Iran on February 28, but has since rebounded on what Tokenise Capital described as “genuine positioning” in the market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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