Bitcoin's recent surge back to $79,000 is being driven by escalating US-Iran tensions, which have propelled the cryptocurrency's price up by $16,000 and added $322 billion to its market capitalization since the conflict began.
The sharp rebound is outperforming all other major asset classes, echoing historical patterns where geopolitical strife drove crypto as a safe-haven play. Traders are eyeing Bitcoin as a hedge against fiat instability, with the cryptocurrency leading the charge in a market hungry for uncorrelated returns.