Bitcoin Holds As Gold Posts Worst Week Since 1983 Amid Iran War

AI Briefing

• – Bitcoin has risen over 11% to around $70,650 since the US and Israel launched strikes on Iran in late February, while gold has dropped 10% for the week, the biggest weekly fall since 1983.
• – The Federal Reserve's decision not to cut interest rates in 2025 adds to gold's troubles, as high rates make bonds and other yield-bearing instruments more attractive.
• – The Iran conflict has disrupted oil flows through the Strait of Hormuz, fueling fears of a prolonged energy crunch and adding uncertainty to global markets.