Bitcoin has stabilized around $66,000 after an initial dip due to Middle East tensions. While major equity indexes like the Nasdaq and S&P 500 saw declines of over 1%, Bitcoin's fall was less pronounced, suggesting relative strength.
The conflict has significantly impacted commodity markets, with Brent crude oil rising approximately 8-10% and gold climbing more than 2%. These price surges in oil are contributing to inflation fears, potentially influencing central bank decisions on interest rate cuts.
Analysts suggest that much of the geopolitical risk may already be factored into market prices. However, sustained high oil prices could pressure Bitcoin and other risk assets due to growing inflation concerns. Traders remain divided on the long-term implications for Bitcoin.