Even missiles can’t shake crypto’s confidence, apparently.
As tensions between Israel and Iran escalated dramatically last week, the financial markets did what they usually do during geopolitical drama: panic. Stocks wobbled, gold surged, oil got moody — but Bitcoin? Bitcoin just… blinked a little.
Despite a literal war scenario brewing in the Middle East, the Crypto Fear & Greed Index stubbornly stayed in “Greed” territory, clocking in at 60 on Sunday. That’s not euphoria, but it’s certainly not fear either. For context, the index hit 71 just a couple of days earlier — which, to be fair, is starting to sound like denial with extra steps.
Bitcoin Took a Hit, But Not a Knockout
On Friday, as explosions were reported in Tehran, Bitcoin dipped about 2.8% to hover around $103,000. Yes, it dropped — but let’s be honest, a 2.8% drop in crypto is called a “slow Tuesday.”
Compare this with the last round of escalations back in April 2024 when Iran launched a direct strike on Israel. That time, Bitcoin nosedived over 8%, the Fear & Greed Index flipped to fear, and Twitter (now X) turned into an apocalypse roleplay chatroom.
This time? Bitcoin barely flinched. It even recovered to $105,540, while traders stayed busy holding the line above that psychological $100K level like it was Helm’s Deep.
