Beyond ‘digital gold,’ Iran conflict forces a rethink of the nature of bitcoin
Bitcoin's 12% gain since the Iran war began isn't a risk-on trade. It's the market repricing bitcoin's role as a neutral settlement layer, Bitwise's CIO argues.
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Bitcoin's 12% gain since the Iran war began isn't a risk-on trade. It's the market repricing bitcoin's role as a neutral settlement layer, Bitwise's CIO argues.
Iran plans to collect cryptocurrency and other digital payments as transit fees from fully loaded oil tankers passing through the Strait of Hormuz, said the report.
Risk assets rose late Tuesday as oil collapsed after Trump and Iran confirmed the two-week ceasefire.
Bitcoin and other risk assets have been whipsawed by President Donald J. Trump’s shifting rhetoric on Iran. Here are some indicators that help cut through the noise.
It was an ugly day all around in markets as the Iran war has sent oil prices and bond yields surging higher.
Each escalation in the Iran conflict has been larger than the last, but each bitcoin drawdown has been getting smaller.
BTC traded near $69,500 after failing to hold $71,000 as the Iran war kept markets cautious. AI tokens including ICP, FET outperformed on strong retail demand.
It's been a historic 24 hours for crude oil, which soared to $120 per barrel overnight on Iran worries, but has plunged back to just above $80.
When airstrikes hit Iran on Feb. 28, crypto outflows from Nobitex spiked 873%, suggesting a "digital bank run" was ongoing. The reality may be more complex.
Risk assets fell across the board Tuesday as the U.S. dollar strengthened to a near two-month high following renewed military escalation in Iran, pressuring the crypto market.
Bitcoin rebounded to $66,500 after weekend strikes on Iran triggered $300 million in liquidations. Oil jumped, equities slid and select DeFi tokens outperformed.
Iran has reportedly stepped up attacks against U.S. assets in the middle east.
Oil-linked futures on Hyperliquid’s HIP-3 surged after U.S. and Israeli strikes on Iran reignited fears of supply shocks.
The U.S. Department of the Treasury is scrutinizing crypto platforms, not just wallets, for enabling Iran’s sanctions evasion, according to TRM Labs’ Ari Redbord.
Elliptic traced more than $500 million in USDT tied to Iran’s central bank, suggesting the stablecoin was used to manage foreign-exchange pressures and build a “sanctions-proof” alternative to dollar banking.
You’re all caught up.