Gold drops 3% amid US-Iran war, Bitcoin rises 12% to become the strongest geopolitical asset
After the outbreak of the US-Iran war, Bitcoin outperformed traditional safe-haven assets, rising 12.1% within four days. Gold and silver declined due to reduced safe-haven demand. The war led to a decrease in oil tanker traffic through the Strait of Hormuz, putting upward pressure on oil prices. AI research shows that Bitcoin is favored in currency choices.
BTC-0.66%
MarketWhisper·03-05 02:33
