Bitcoin holds near $63,800 as war-driven selloff hits everything but crypto

CoinDesk·

Bitcoin holds near $63,800 as war-driven selloff hits everything but crypto

60-second summary

Bitcoin remains relatively stable near $63,800 as global markets react to the fourth round of U.S. strikes on Iran, causing sharp declines in gold, oil, stocks, and bonds. The cryptocurrency's resilience amidst the war-driven selloff underscores its unique appeal as a safe-haven asset, with investors seeking refuge from traditional market volatility.

Gold, oil, stocks and bonds all moved sharply on the fourth round of U.S. strikes on Iran, but bitcoin is little-changed.