Bitcoin and the crypto markets remain uncertain amid political tensions between the US and Iran over the last few days.
More tension in the Middle East following the US-Iranian war, as the market remains in a state of uncertainty without a clear direction for where the next price action is headed. Despite speculation suggesting Gold could outperform Bitcoin, we see a market looking to reposition itself for the best opportunity.
Both market assets offer strong volatility and upside potential, allowing traders and investors to explore the best possible ways to take advantage of recent market uncertainties in their favor.
And for traders, how would Bitcoin and Gold respond to the news of the US-Iran war ahead of the new trading week?
Source – Bitcoin 1D Price Action from CoinMarketCap
On-chain data from CoinMarketCap suggests the price of Bitcoin has performed well despite a scare on Saturday, 28th February 2026, when the price of crypto assets crashed from around $67,000 to a region of $63,000, raising market speculation of a further crash to the downside in the coming weeks as the US-Iran war broke out.
Expectation of a new trading week for Bitcoin was downside; however, the crypto asset has managed its price action strongly, rallying behind speculations of oil prices going to $100 as the price of BTC saw its market price rebound towards the next key highs of $70,000, as the price could see more upside potential despite political tension.
Bitcoin has bitten the narrative of suffering a strong market crash potentially towards the lower price region of $50,000, as price has demonstrated a strong price action to the upside of $70,000, as the market builds more momentum for a further price rally to the upside if its price clears the region of $72,000, acting as a key area of resistance for price.
While BTC continues to show strong upside momentum, Gold remains strong despite a short-term market scare to the downside.
Source – Gold Price Action from CoinMarketCap
Gold has historically demonstrated strong price action during periods of political unrest and war, as many institutions and traders have relied on the traditional metal as a safe haven, leading to strong market rallies to the upside over the years.
A similar pattern could be playing out as the traditional asset looked bullish following a new weekly market open, trading around $5,400 before retracing towards the weekend market gap, finding its footing in that zone.
Gold looks set for new all-time highs towards $6,000, according to experts and market speculation, as the metal asset appears bullish on the higher timeframe, building on past market price action.
While many traders and institutions favour trading gold at this point, Bitcoin remains a strong market asset despite uncertainties rocking the world and the financial markets at large.
There are speculations suggesting the price of BTC could go lower, but they have proven wrong as the price is rallying. Gold and Oil have seen strong price action over the last few days.
Due to the Strait of Hormuz being blocked, restricting 20% of the world’s oil supply, and the recent explosion of Saudi Arabian oil facilities, oil prices have risen.
There are no exact figures yet, but Iran has been conducting many transactions and mining activities with Bitcoin lately, despite the recent US-Iran war.
The crypto market has experienced a crash in the last few hours amid the US-Iran war, as US President Donald Trump hints at a combat operation. The crypto market could see a significant crash on Monday when it opens.
Expectations are that the crypto market and Bitcoin could see a market crash; however, there is a high possibility that Oil and metals such as Gold and Silver will perform well in the coming days.
Historical data show wars such as the Russian-Ukrainian and Israel-Iran have led to market crashes of over 40% and 20%, respectively, and could trigger a similar reaction.
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