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Bitcoin continues to climb despite war with Iran, oil price shock
Bitcoin continues to show resilience on Monday, crossing $74,000 and up 3% in the past 24 hours. So far, the asset is up 9.4% in March, CoinGlass data shows, despite the war in Iran, soaring oil prices, and inflation fears. Meanwhile, gold is down almost 3% in the past week. In addition, Timothy Misir, head of research at Blockhead Research Network, noted that over the past five weeks, the S&P 500 has fallen roughly 2.2% while bitcoin has gained around 2.4%, “marking a rare period of decoupling between crypto and equities.” “If the asset continues to trade independently from equities during macro stress, it ... (full story)
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