Bitcoin remains in the green zone despite the fall of the global financial market

Amid the escalating conflict between Israel and Iran, global markets have suffered a significant drop. This was especially noticeable after Donald Trump’s statements calling on Americans to leave Tehran and publicly supporting Israel. Dow Jones futures lost 136 points, the S&P 500 index fell by 0.34%, and the Nasdaq 100 by almost 0.4%. Against this backdrop, oil rose in price, with WTI futures up 2%.

On the Monday before, stock indices rose, with the Dow Jones adding more than 300 points, the S&P 500 rising by 0.9%, and the Nasdaq by 1.5%. This was due to a short-term decline in oil prices after Israeli air strikes on Iran. However, Trump’s statement, in particular his reiteration of the message that Iran «should not have nuclear weapons,» changed investors' mood.

Bitcoin BTC $103,814.21 Bitcoin -1.99% Market capitalization $2.06 trillion VOL. 24 hours $1.39 billion , despite geopolitical instability, maintained its position above $ 107,000. Gold, on the other hand, fell back to $ 3,393 an ounce, having lost the $ 3,400 level. Despite expectations that gold would act as a traditional safe haven, this time the cryptocurrency proved to be more resilient.

The conflict between Israel and Iran has been going on for four days. Iran, according to NBC News, has asked Saudi Arabia and Qatar to influence Trump to achieve a ceasefire. Iran was allegedly even ready to make concessions in the nuclear talks. However, Trump took a tough stance.

Analysts remind us that historically, geopolitical crises have led to an average stock market decline of 4.6%, followed by a recovery within about 40 days. Investors are also awaiting data on retail sales in the US and the Federal Reserve’s decision on the interest rate, which is likely to remain in the range of 4.25−4.50%.