Bitcoin Hits ₱4,305,063 ($71,782) After Trump Delays Iran Strikes
Bitcoin surged to $71,782 intraday after President Trump announced a five-day delay of planned strikes on Iranian infrastructure, with Trump saying talks were productive. The rally erased ₱14.57 billion ($243 million) in long liquidations triggered hours earlier when tensions escalated.
Key Takeaway
Bitcoin now prices geopolitical shocks faster than stocks or gold, making it a sentiment gauge, not a safe haven.
Bitcoin jumped to roughly $71,782 intraday after President Trump announced a five-day delay of planned strikes on Iranian infrastructure. The rally erased ₱14.57 billion ($243 million) in long liquidations triggered hours earlier when tensions escalated and the price dropped to the upper-$68,000s.
Trump said talks were productive, which sent Bitcoin back above $70,000 faster than traditional markets could react. The price swing shows Bitcoin now functions as one of the fastest live markets for repricing geopolitical risk. It's not acting like digital gold — it's moving like a high-beta relief asset that responds to headline sentiment in real time.
The stakes are massive. The Strait of Hormuz moved 20.9 million barrels per day during the first half of 2025, accounting for 20% of global petroleum consumption and one-fifth of global LNG trade. An oil shock could push the Federal Reserve to respond to inflation expectations, which would ripple through all risk assets.
Research from CoinShares shows Bitcoin appreciated 6% during recent U.S.-Iran conflicts while gold gained only 1% and global stock markets declined. That pattern contradicts the safe haven narrative entirely. Bitcoin trades 24/7 with deep derivatives markets and institutional ETF wrappers, allowing first-order price discovery before equities, commodities, or gold markets open.
Academic research from Aysan confirms Bitcoin price volatility is positively correlated to the Geopolitical Risk Index. Returns are negatively correlated to the same index, meaning Bitcoin can hedge geopolitical risks but not in the way gold does. During the 2022 Russia-Ukraine war, Bitcoin initially gained as investors viewed it as digital gold but dropped alongside riskier assets when central banks raised interest rates amid inflation.
The IMF projects 3.3% global growth for 2026, but that assumes no major disruptions through the Strait of Hormuz.
This article was written based on reporting from CryptoSlate.
