Dollar Surges Amid Geopolitical Tensions, Crypto Prices Take Hit

The US dollar is experiencing its strongest weekly performance in a month, climbing between 0.37% and 0.73%, as investors seek safe havens amid escalating geopolitical tensions.

This week's price action for the DXY has seen it trade within a range of 101.1 to 101.4, with military escalation in the Middle East being a primary driver behind the dollar's rally.

The Iran conflict has historically sent investors running toward the greenback, and this time is no different. Since the conflict escalated in early 2026, the dollar has consistently rallied on related news.

Beyond oil prices, rising Treasury yields are compounding the pressure, making dollar-denominated assets more attractive relative to non-yielding alternatives like Bitcoin and gold.