Bitcoin is beating stocks and gold as the Middle East conflict rattles global markets

Bitcoin has outperformed precious metals and U.S. equities since the war in Iran first began, softening sentiment after a rough start to the year. What to know : Bitcoin has climbed 3.5% since the conflict began, while traditional "safe havens" like gold and silver have dropped 5% and 12%, respectively. The return of the "Coinbase premium" and steady spot ETF inflows suggest that large-scale U.S. investors are viewing current price levels as an attractive entry point. The rally is being supported by a "cleaner" market; recent data shows that risky, high-leverage bets have been cleared out, leaving the floor open for more stable, spot-driven demand.