Bitcoin Holds Steady as War-Driven Selloff Hits Global Markets

The fourth round of U.S. strikes on Iran sent shockwaves through global markets, causing oil, gold, and equities to plummet.

However, Bitcoin remained largely unaffected by the turmoil, trading near $63,800 as the war-driven selloff bypassed the cryptocurrency.

The traditional market's reaction was swift and severe, with spot gold sliding 1.6% to near $4,050 an ounce, Brent crude jumping 4% to above $79 a barrel, and Treasuries falling across the curve.

The Federal Reserve's hawkish repricing of interest rates also contributed to the market's downturn, as policymakers saw a case for raising rates before backing a hold.