Bitcoin Holds Up Better Than Stocks Amid Ongoing Iran Conflict

Bitcoin's price decline has been less severe than the broader equity market drawdown since the Iran conflict began.

The world's largest cryptocurrency traded around $68,000 on Sunday, down roughly 2% over the past 24 hours and about 6% over the past seven days. This move comes as the Iran war entered its fourth week, pushing crude prices higher and contributing to a broader pullback in risk assets.

Despite macroeconomic uncertainty, the crypto market is showing signs of resilience, with Bitcoin holding up better than stocks. In fact, Bitcoin's monthly decline has been more modest than the drop in equities, posting a loss of just 0.2%.