The global market has witnessed a substantial recovery following the escalation of US-Iran military operations. The heightened uncertainty surrounding the conflict has led to increased demand for safe-haven assets, including cryptocurrencies.
Bitcoin's price surged to nearly $70,000 on Monday, marking a two-week high. This significant increase in value can be attributed to the growing interest in scarce assets due to rising inflation expectations in the United States. The US equities market also experienced a rebound, with the NASDAQ Composite gaining 0.39% by midday.
The precious metals market has diverged from Bitcoin's performance, with gold experiencing a moderate gain of 1.3%, while silver suffered a significant decline of 7%. This contrast between traditional safe-haven assets and cryptocurrencies may influence capital flows into digital markets.