Bitcoin, ether, solana slide, oil jumps on renewed U.S.-Iran war risks

Bitcoin experienced a modest 1.6% pullback to $74,335, while Ether slipped 2.6% and Solana fell 1.5%, as geopolitical tensions between the U.S. and Iran escalated over the weekend. This escalation, including Iran reimposing controls on the Strait of Hormuz and the U.S. Navy seizing an Iranian ship, led to a significant 5.7% jump in Brent crude oil prices to $95.50 a barrel and an 11% surge in European natural gas futures. Traditional markets also reacted, with S&P 500 futures falling 0.6% and European equity futures indicating a 1.2% drop. Gold declined 0.8%, and the dollar strengthened as investors sought traditional safe-haven assets. This event marks the fourth major Iran-related risk event that crypto has absorbed, with a pattern of diminishing sell-offs observed in Bitcoin compared to previous escalations. This suggests that crypto may be increasingly pricing in geopolitical tail risks, potentially due to existing holders having already sold or the influence of spot ETF demand providing a more stable floor. Market participants will be watching if Bitcoin can hold the $74,000 level amidst rising Treasury yields and a stronger dollar, or if the geopolitical driver will decouple it from traditional macro-liquidity correlations.

(Source：CoinDesk)