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The dip, however, proved short\u2011lived. By March 1 the price of the leading cryptocurrency had recovered to $67,700, and on March 4 it tested<\/a> $74,000.\u00a0<\/p>\n Some analysts called<\/a> that trajectory expected, citing bitcoin\u2019s status as a neutral store of value. Others deemed<\/a> the market\u2019s reaction \u201cunexpectedly resilient\u201d, given the broader weakness in risk assets and global equities.<\/p>\n At the time of writing bitcoin had pulled back<\/a> to $70,000. Over the past 24 hours the price rose 3.7%. Sentiment was buoyed by a statement<\/a> from US president Donald Trump about a possible swift end to the operation in Iran.\u00a0<\/p>\n Ether is hovering around ~$2,000 (+2.8% over the past 24 hours).\u00a0<\/p>\n Top\u201110 coins by market capitalisation moved in step with the two leading cryptocurrencies. The sector\u2019s total market value rose 3.2% to $2.4 trillion.\u00a0\u00a0<\/p>\n Even so, uncertainty prevails among crypto investors. A popular gauge of market sentiment<\/a> sits in \u201cextreme fear\u201d territory.\u00a0<\/p>\n At the outset of the conflict gold burnished its reputation as a classic haven. On March 2 the spot price climbed to $5,297 per ounce, while futures settled even higher\u2014around $5,312. By the time of writing, quotes had eased to $5,170.<\/p>\n Silver showed a similar pattern. Over the past week the metal gained nearly 7%, to $88.6.<\/p>\n The first week after the strikes on Iran saw equity markets in risk\u2011repricing mode. Investor reactions varied markedly by region.<\/p>\n American benchmarks fell relatively mildly. Over the past seven days the Dow Jones slipped by 1.5%<\/a>, the S&P 500 by 0.5%<\/a>, while the Nasdaq added 0.8%<\/a>.\u00a0<\/p>\n Europe\u2019s sell\u2011off was steeper owing to the oil spike and fears of a new inflationary wave. By March 9 the STOXX 600 was down 0.6% and nearly 6% below its record close on February 27. Over the week the index lost 1.5%<\/a>.\u00a0<\/p>\n Asia suffered the most. The region reacted sharply to threats to trade routes and heavy dependence on raw\u2011material imports. Over seven days South Korea\u2019s KOSPI plunged by 4.4%<\/a>, and Japan\u2019s Nikkei by 3.5%<\/a>.\u00a0<\/p>\n As a result of US and Israeli strikes on Iran, the country\u2019s supreme leader, Ayatollah Ali Khamenei, was killed. One of Tehran\u2019s responses was to close the Strait of Hormuz\u2014a vital route for exporting oil and LNG from the Persian Gulf. Threats to attack tankers sparked panic in commodity markets.<\/p>\n Crude became the chief barometer of investor nerves. On March 1\u20132 prices rose on fears of supply shortages. On March 9 oil topped $120 a barrel for the first time since June 2022. After Trump\u2019s words about likely de\u2011escalation, Brent fell to $92.<\/p>\n At CryptoQuant, analysts called<\/a> the oil rally a negative for bitcoin. A geopolitical shock, they said, could stoke inflation and create an adverse backdrop for cryptocurrencies.\u00a0<\/p>\n One of the chief risks, analysts say<\/a>, is potential disruption to shipments through the Strait of Hormuz. The effects would extend far beyond the local conflict: pressure on the global energy market would intensify inflation risks and heighten financial\u2011market volatility. Some reckon the logistics shock could outlast the war itself.\u00a0<\/p>\n Foreign\u2011exchange trading followed a familiar escalation pattern: investors crowded into havens. Stronger demand for dollars lifted the DXY index, which on March 5 rose to 109.<\/p>\n Iran\u2019s currency woes predated the conflict. In early December 2025 the rial collapsed<\/a> to the lowest level in the Islamic Republic\u2019s history\u20141.2m per US dollar. In late January 2026 the rate fell to 1.5m.<\/p>\n Amid the escalation, cryptocurrencies stood alongside the US dollar and gold as tools to at least partially sidestep inflation. But after the strikes began, the domestic market shrank sharply owing to mass internet and telecom shutdowns nationwide.<\/p>\n According to TRM Labs<\/a>, crypto transaction volumes from February 27 to March 1 fell by roughly 80%. Analysts recorded a one\u2011day spike of $3m in late February, but attributed it to internal fund movements rather than capital flight.\u00a0<\/p>\n Some analysts nonetheless observed outflows. According to Elliptic<\/a>, in the first minutes after the start of the joint US\u2011Israeli military operation against Iran, withdrawals from the country\u2019s largest crypto exchange, Nobitex, jumped 700%.<\/p>\n In January, Elliptic disclosed<\/a> the central bank of Iran\u2019s purchase of USDT<\/a> stablecoins worth $500m.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" A week into the Middle East conflict, global markets are still digesting the escalation.<\/p>\n","protected":false},"author":1,"featured_media":95079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin proves resilient as oil spikes and the dollar strengthens amid Iran conflict.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,536,840,1211,26],"class_list":["post-95078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-gold","tag-iran","tag-stock-market","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"143","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin proves resilient as oil spikes and the dollar strengthens amid Iran conflict.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=95078"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95078\/revisions"}],"predecessor-version":[{"id":95080,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95078\/revisions\/95080"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/95079"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=95078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=95078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=95078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"image\"](\"https:\/\/forklog.com\/wp-content\/uploads\/img-28886e9c121d8b05-8348632033845194-1024x640.png\")
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Gold and equities<\/h2>\n
![\"image\"](\"https:\/\/forklog.com\/wp-content\/uploads\/img-9928766925f37b13-8348693766727206-1024x501.png\")
Oil<\/h2>\n
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Dollar<\/h2>\n
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