Bitcoin Demonstrates Resilience Amid Rising Tehran Conflicts

The total crypto market capitalization dropped by around $80 billion within a few hours late Monday due to escalating Middle East tensions. Bitcoin's value fell by over $2,000 but quickly rebounded, spurred by US President Donald Trump’s call for the evacuation of Tehran amid ongoing missile exchanges between Israel and Iran. Meanwhile, countries like China and Russia urged their citizens to evacuate Tel Aviv as military action amplified.

The geopolitical turmoil has raised questions about digital assets becoming immune to such conflicts. The crypto market reaction was much smaller compared to when the friendly relationship between Trump and Elon Musk deteriorated. Currently, Bitcoin remains within its range-bound channel, and Ethereum has recovered from a drop, suggesting that crypto markets are weathering the storm well.