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โ๏ธ Crypto๐ข BullishImportance 7/10
Bitcoin sold off first when the U.S.-Iran war began. Two weeks later, it's outperforming nearly everything
๐คAI Summary
Bitcoin initially sold off when the U.S.-Iran conflict began but has since outperformed most other assets after two weeks. The cryptocurrency is showing increased resilience with smaller drawdowns despite escalating geopolitical tensions.
Key Takeaways
- โBitcoin's initial reaction to the U.S.-Iran conflict was negative, following traditional risk-off behavior.
- โAfter two weeks, Bitcoin has outperformed nearly all other asset classes during the ongoing conflict.
- โEach escalation in the Iran conflict has been progressively larger in scale.
- โBitcoin's drawdowns have been getting smaller with each successive escalation, showing improved resilience.
- โThe cryptocurrency is demonstrating potential safe-haven characteristics during geopolitical uncertainty.
Read Original โvia CoinDesk
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