Bitcoin Outperforms Macro Assets in Iran Conflict as $72,000 Returns
Bitcoin has shown resilience, surpassing other macro assets in performance since the Iran conflict began, reaching over $72,000.Summary
Bitcoin (BTC) has demonstrated strength amidst global uncertainty surrounding the Iran conflict, hitting eight-day highs and outperforming traditional macro assets like the S&P 500, Nasdaq, gold, and silver. Since the start of the conflict, BTC is up 7.3%, while other assets have declined. Despite concerns about oil supply disruptions and potential inflation, Bitcoin has remained resilient. While some analysts note a building conviction for a bullish breakout, they also caution that the foundation for a sustained expansion remains thin. The upcoming release of the Personal Consumption Expenditures (PCE) Index, the Federal Reserve’s preferred inflation measure, could introduce volatility. Donald Trump has publicly urged the Federal Reserve to cut interest rates immediately.
(Source：Cointelegraph)