Bitcoin vs. Gold: Diverging Market Reactions to the 2026 Iran Conflict Shock
During the 2026 Iran conflict, gold initially rallied on safe-haven demand before retreating as the US dollar strengthened and bond yields rose. Bitcoin experienced sharp volatility around the Feb. 28, 2026 outbreak but rebounded above $73,000 by March 5, 2026, reflecting shifting risk appetite and liquidity conditions rather than acting as a traditional crisis hedge. The episode underscored how dollar strength, oil-driven inflation fears and broader market sentiment shaped both assets' behavior.