Bitcoin holds near $63,800 as war-driven selloff hits everything but crypto
Bitcoin and major cryptocurrencies have remained remarkably stable despite a global market selloff triggered by escalating tensions in the Strait of Hormuz and hawkish Federal Reserve signals. While traditional assets like gold, oil, and equities reacted sharply to the geopolitical conflict and interest rate concerns, crypto assets decoupled from these macroeconomic pressures.
Why it matters
The decoupling suggests a potential shift in Bitcoin's role as an asset class, as it appears to be trading more on internal liquidity and chip-sector cycles rather than reacting to traditional geopolitical risk premiums.
The traditional-market reaction that was on hold over the weekend arrived at once. Spot gold slid as much as 1.6% to near $4,050 an ounce. Brent crude jumped 4% to above $79 a barrel as conflicting claims over the Strait of Hormuz fueled worries about supply.
The article provides a factual, market-data-driven analysis of price movements across multiple asset classes without injecting political commentary or subjective advocacy.
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