Despite escalating conflict in the Middle East, Bitcoin is expected to remain above $68,000 through at least May 2. The ongoing 2026 Iran war - involving U.S. and Israeli strikes under Operation Epic Fury - has rattled global energy markets and boosted safe-haven demand for the U.S. dollar. Yet Bitcoin has shown little volatility, with prediction markets pricing a 99.8% chance BTC stays above $68,000 on May 2.
Analysts note that investors appear to be looking past geopolitical risks, focusing instead on other macro factors. The resilience comes as threats to the Strait of Hormuz increase global supply concerns. While other assets like gold and the pound are fluctuating, Bitcoin remains stable. Markets are watching for any developments in the Iran conflict or new signals from the Federal Reserve that could shift sentiment.