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Here’s how the Iran conflict may have helped crypto prices recover, even as stocks struggle
Cryptocurrencies are beating stocks and bonds in March, outperforming amid the Iran conflict as equities struggle globally with elevated oil prices. Although declines in the prices of bitcoin and ether this year have been far greater than losses in the U.S. stock market, both cryptocurrencies have been outperforming the S&P 500 this month amid concern that a prolonged war will keep oil prices high and push up inflation. Crypto’s outperformance may be partly because fighting in the Middle East has people in the region concerned about accessing their local banking systems, said Stephen Coltman, head of macro at ... (full story)
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