Since the beginning of the conflict between the US and Iran, the biggest winner has been the asset most directly related to this conflict.



Oil reflected geopolitical risks in its price.

Gold, the traditional "safe haven," showed the weakest results.

Bitcoin was caught between two fires.

During part of the conflict, it strengthened, but still remained vulnerable to geopolitical news and the overall liquidity situation.

The most notable event occurred when the ceasefire was reinforced and the agreement began to take shape.

The market started pricing in various outcomes.

Trading amid the conflict declined. Trading based on liquidity returned.
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