Bitcoin Climbs Above $69,000 as Markets Absorb Iran Conflict Shock

Bitcoin surged above $69,000 in early U.S. trading , rebounding from weekend lows even as geopolitical tensions escalated following U.S. strikes on Iran. The move came as equity markets proved more resilient than initially feared.

Overnight, U.S. stock index futures had signaled losses of more than 2%. However, about an hour into the cash session, major benchmarks were only modestly lower, suggesting investors were digesting the geopolitical shock with caution rather than panic.

Crypto Market Reaction and Macro Data Support

The broader crypto market moved higher alongside bitcoin, while gold gained roughly 2% and crude oil jumped 7%. The U.S. dollar index also strengthened by about 1%, reflecting heightened demand for safe-haven assets.

Economic data added another layer to the market narrative. February’s ISM manufacturing PMI rose to 52.4, marking continued expansion and reinforcing signs of accelerating U.S. economic activity. Stronger data and rising oil prices have reduced expectations of a near-term rate cut from the Federal Reserve, yet bitcoin’s advance suggests investors may have already priced in tighter monetary conditions.

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