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Bitcoin Holds Steady Above $70,000 Amid Escalating Iran Tensions
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Bitcoin Stabilizes Above $70,000 Amid Escalating Iran Conflict
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CNBC TV18
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05-03-2026, 08:38
Bitcoin Stabilizes Above $70,000 Amid Escalating Iran Conflict
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Bitcoin stabilizes above $70,000 despite the intensifying Iran conflict, recovering from market turmoil.
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The cryptocurrency traded at $72,500 on Thursday morning in Singapore, showing resilience compared to other assets.
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Bitcoin surged nearly 12% since Friday, outperforming gold which dropped 2% after US and Israeli strikes.
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This marks a reversal from recent months where Bitcoin declined while gold reached record highs.
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Investors are flocking to Bitcoin as a safe haven, with US Bitcoin ETFs attracting $700 million in March.
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