Bitcoin remained largely stable after the United States carried out its first strikes against Iran in several weeks, according to CoinDesk. The military action triggered a broader risk-off move across markets, with oil prices rising and stocks declining. Despite the pressure on traditional risk assets, the cryptocurrency did not show a significant reaction. Bitcoin is up 24% in August, putting it on course for its strongest monthly performance since November 2024. The move leaves bitcoin as a notable exception to the wider market response, as investors assessed the impact of heightened geopolitical tensions on commodities and equities. Brent and WTI crude were among the assets affected by the market reaction, while bitcoin continued to hold its ground.
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CoinDesk
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