Data: Bitcoin Has Beaten Gold and Stocks Since the Iran War Began
Bitcoin has climbed about 13% since fighting in the Middle East escalated, outperforming tech shares, gold, and broader U.S. equities, according to CoinDesk. In March, BTC is up roughly 1%, while gold has fallen 11% over the same period. Mark Connors, an analyst at Risk Dimensions, said Bitcoin "really hung in there", attributing the resilience to earlier deleveraging that flushed out overleveraged positions. U.S. spot Bitcoin ETFs have logged about $1.3 billion in net inflows so far in March, putting the category on pace for its first month of net positive flows since October.