Bitcoin shows 'resilience' amid Iran war, outshines gold and stocks
From finance.yahoo.com
Bitcoin (BTC-USD) traded near $74,000 on Tuesday as strategists highlighted its relative strength despite market jitters amid the Iran war. "Bitcoin and crypto markets have looked resilient in the face of the Middle East conflict, outperforming Gold and equity indices," Bernstein analyst Gautam Chhugani wrote on Monday. Since the Iran war broke out on Feb. 28, the world's largest digital token has risen 10%. The S&P 500 (^GSPC) has declined 2% over the same period, while gold (GC=F) has dropped almost 4%. Strategists point to exchange-traded funds (ETFs) inflows of $2.1 billion over the past three weeks due to ...
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