Bitcoin rose during European trading hours, even as U.S. stock futures, gold, and silver fell, highlighting its relative resilience to oil shocks and war risks. What you need to know:
Bitcoin rose by 2.8% since midnight UTC, while Nasdaq 100 and S&P 500 futures fell more than 1.5% and oil surged to $115 per barrel.
Gold fell by 1.6% and silver by 1.1%, weakening the traditional safe-haven narrative, as investors shifted towards the U.S. dollar.
Altcoins and DeFi tokens experienced a rise overnight, with DASH, XMR, and ZEC gaining up to 5.2%, and ETHFI and MORPHO outperforming BTC and ETH. Nasdaq 100 and S&P 500 futures fell more than 1.5% since midnight, while oil rose to $115 per barrel, its highest level since June 2022. Precious metals also suffered losses. Gold and silver fell by 1.6% and 1.1% respectively, undermining the safe-haven narrative as investors flocked to the US dollar. Sentiment regarding bitcoin, meanwhile, is improving and has remained resilient amid the war in Iran and subsequent supply disruptions through the Strait of Hormuz.
"Although BTC has not yet fully consolidated its narrative as digital gold, its practical use as a digital escape route is becoming increasingly relevant, especially in Gulf countries, amid episodes of monetary volatility and political uncertainty," trading firm QCP said in a note{{espaciador}} on Monday.{{espaciador}}#petróleo #mercado $BTC
BTC70,716.85-0.16%