These 3 charts show Bitcoin’s war-linked selloff keeps shrinking as Iran conflict worsens
Bitcoin initially sold off with the U.S.-Iran conflict but has since outperformed most assets, demonstrating increasing resilience to escalations.Summary
Bitcoin experienced an initial sell-off when the U.S.-Iran conflict began, dropping 8.5% on the first day of attacks. However, over the following two weeks, it has outperformed gold, the S&P 500, Asian equities, and the Korean stock market, with only oil and the dollar performing better. Each subsequent escalation in the conflict has been met with a smaller bitcoin drawdown, and each sell-off has found buyers at a higher level, indicating a potential return to its 'safe-haven' status. This suggests the market has become a 24/7 liquidity pool that quickly absorbs shocks, particularly as it's often the only market open when conflicts erupt. The article contrasts this resilience with earlier volatility in February and highlights the evolving nature of Bitcoin as an asset.
(Source：CoinDesk)