The cryptocurrency market has weathered the storm caused by the escalating Iran conflict, with Bitcoin maintaining its value and even showing signs of resilience.
As global tensions reached a boiling point, investors typically flock to traditional havens such as gold and oil. However, the crypto market defied expectations, with Bitcoin trading near $66,500 after adding 1.1% since midnight UTC.
The Iran conflict has caused significant volatility in the markets, with cumulative crypto futures open interest dropping by 2% to $93.78 billion. Despite this, it remains above recent lows, indicating a relatively contained market response.