Crypto
Bitcoin Steadies at $78K Amid Global Turmoil
The Bitcoin price has remained steady within the $77,580 to $78,800 range as global markets respond to Middle East tensions and shifting exchange-traded fund (ETF) dynamics.
A U.S. military strike on an Iranian island led to a 2% surge in WTI crude oil prices to $85.10 per barrel, while Brent crude advanced to $92.39.
Bitcoin, however, demonstrated remarkable stability with minimal price movement, despite gold experiencing a 0.8% decline and Nasdaq futures registering a 0.5% decrease.
In August, BTC delivered a commanding 23% return, outperforming gold's 9% gain and the Nasdaq's 4% increase.