In financial markets, turmoil often follows a predictable script. When the recent U.S.-Iran peace negotiations in Islamabad collapsed, traditional markets reacted exactly as expected. The S&P 500 experienced a wave of volatility, and the price of crude oil surged as investors flocked to tangible assets, a classic flight to safety amid rising geopolitical risk.
But this time, the script had a new character. While equities wavered, the digital asset class demonstrated a surprising and powerful resilience. Bitcoin (BTC), long viewed by many as a speculative risk-on asset, held its ground firmly above the critical $71,000 support level.
