In a scenario of geopolitical tension, the president of Iran, Masoud Pezeshkian, has launched a message of defiance that resonates strongly in global markets: the country will continue fighting.
As the conflict in the Middle East threatens to escalate, bitcoin (BTC) is struggling to maintain its stability, clinging to the $68,000 mark after recently losing the psychological support of $70K.
Pezeshkian, in a televised statement, assured that Iran will not give in to pressure from the United States and Israel. The president described the demand for an «unconditional surrender» as a «dream that they will take to the grave.» closing any door to an immediate diplomatic solution.
The president’s position suggests a prolongation of hostilities that, according to Qatar’s Energy Minister, poses severe economic risks for the entire region. In fact, given the Iranian response to his requests, the president of the United States, Donald Trump, threatens new attacks.
The impact of the conflict on the price of BTC
Historically, bitcoin reacts as a risk asset to global instability. The loss of the $70,000 level was triggered, in part, by fear of a full-scale war.
However, despite the warmongering rhetoric this Saturday, BTC has shown unexpected resilienceremaining stable near USD 68,000. The figure shows a slight rebound after the initial drop to USD 63,000, at the beginning of the bombings on February 28. There was a rally to over $70,000 this week and then down to the current level.
It is important to mention that, at the time of publishing this note, the price of the digital currency has slipped a little around USD 67,000 on a couple of occasions, and then returned to 68K.
This relative calm may have taken by surprise those who expected Pezeshkian’s words to will reinforce fear in the marketcausing a deeper fall.
Nevertheless, BTC price not only depends on war. NoticiasVE has reported that factors such as the employment situation in the US, the Federal Reserve’s decisions on interest rates and emerging fears about advances in quantum computing are also shaking the financial board.
Although bitcoin shows momentary strength, the technical outlook is cautious. Experts maintain that the asset has officially entered a bearish trend or “crypto winter.” As NoticiasVE has reported, most indicators point to the beginning of the traditional bearish cycle that usually occurs in the market more than a year after the halving.
The big question for investors is whether this cycle will be shorter than previous ones, as suggested by the founder of Strategy, Michael Saylor, or if the war escalation will end up dragging the price to new lows. For now, the market is watching with bated breath both the candlestick charts and the military movements in the Middle East.