Bitcoin demonstrated resilience over the weekend despite escalating tensions in Iran and concerns over potential disruptions in the Strait of Hormuz, which pushed oil prices above $115. While global stock markets shifted to a defensive stance, traditional safe havens like U.S. Treasuries and gold faced pressure due to rising inflation expectations and yields, making the U.S. dollar the primary safe-haven asset.
In contrast, Bitcoin maintained stability even as the VIX exceeded 29, indicating high market volatility. The options market showed signs of easing panic compared to the previous week, with March options open interest primarily focused on call options at $75,000 and $125,000.
Bitcoin Remains Resilient Amid Rising Oil Prices and Market Volatility
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