Bitcoin remained stable even as broader markets turned defensive after the first U.S. strikes against Iran in weeks. The move pushed oil prices higher and stocks lower, reflecting a wider risk-off tone across traditional markets. Despite that backdrop, bitcoin did not show the same reaction and largely held its ground. According to CoinDesk, the cryptocurrency is up 24% this month, putting it on pace for its strongest monthly performance since November 2024. The contrast highlights bitcoin’s relative steadiness during a session that saw pressure elsewhere, even as investors responded to geopolitical developments with moves into oil and away from equities.
Bitcoin held steady after the first U.S. strikes against Iran in weeks triggered a broader risk-off move across markets.
Oil moved higher and stocks fell following the strikes, but the cryptocurrency showed little reaction. CoinDesk reported that bitcoin has gained 24% this month and is on track for its best monthly performance since November 2024.
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