The crypto market has demonstrated mixed but resilient performance as Middle East tensions rattled global markets, with Bitcoin rebounding to around $75,000 after earlier declines.
Bitcoin and Ethereum initially tracked risk assets during the sell-off, with Bitcoin falling into the low $60,000 range and Ethereum hovering between $2,200 and $2,400 at peak uncertainty.
However, crypto recovered faster than equities, with Bitcoin and Ethereum rising 12.3% and 20.2% respectively since the conflict began, highlighting improving sentiment as ceasefire hopes emerged.
Short bursts of 4–7% rallies followed positive geopolitical developments, underscoring crypto’s responsiveness to shifts in macro sentiment despite ongoing volatility.
Oil and gold outperformed all major asset classes, with oil surging about 36% to as high as $120 per barrel and gold gaining around 8% in the first quarter, driven by supply shocks and safe-haven demand.
Global equities lagged, with the S&P 500 falling roughly 4–5% during peak tensions and remaining under pressure from inflation concerns and delayed expectations for interest rate cuts.
The divergence highlights crypto’s evolving role as a hybrid asset, behaving partly like a risk asset during sell-offs but recovering faster, positioning it between traditional safe havens and equities in times of crisis.
At the time of reporting, Bitcoin price was $75,002.32.