Recent military actions by the US against Iran have triggered significant volatility in financial markets, including the cryptocurrency market. Bitcoin has exhibited unusual behavior, demonstrating independence amid geopolitical instability.
Strikes on Iran and Initial Market Reaction
On Saturday night, the US launched a large-scale operation called 'Midnight Hammer,' targeting three strategic Iranian nuclear sites. According to the Pentagon, it was 'the largest operational B-2 strike in American history.' As a result of these actions, Bitcoin's price fell below the symbolic $99,000 mark for the first time in 46 days. The strike involved 125 aircraft, including seven B-2 bombers, which dropped 13,600 kg of bombs on the Fordo and Natanz sites.
Market Response and Bitcoin Recovery
By Monday morning, despite the geopolitical tensions, Bitcoin rebounded over 3%, reaching $102,916. At the same time, oil prices declined, presenting a paradoxical scenario amid the crisis. The cryptocurrency market, particularly Bitcoin, showed resilience against adverse factors, which can also be attributed to active purchases from institutional investors.
Current Situation and Possible Outcomes
The developments in the Middle East and subsequent threats from Iran could affect the financial markets. Questions arise regarding whether Bitcoin will be perceived as a safe-haven asset in conditions of heightened instability. If the cryptocurrency confirms its resilience, it might be compared to traditional safe-haven assets, altering its perception in the market.
Thus, the current situation in the Middle East and the reactions of financial markets suggest that Bitcoin may evolve from being a speculative asset into an indicator of resilience in the face of geopolitical shocks.
