Bitcoin and Gold React Differently to Dollar Surge During 2026 Iran Conflict
During the Iran conflict that began in late February 2026, Bitcoin and gold reacted very differently as the US dollar strengthened and bond yields climbed. Gold initially rallied on safe-haven demand before sliding more than 1% as stronger dollar liquidity and higher Treasury rates weighed on the metal, while bullion was down about 5% for the month. Bitcoin fell to $63,106 on 28 February 2026, then rebounded above $75,000 in early March with a 14% gain, reflecting shifting risk appetite and liquidity conditions rather than a straightforward geopolitical hedge.