The Iran war impacts the global market: gold plummets, stock market pulls back, and Bitcoin becomes one of the few assets to resist the fall.

Due to the ongoing threat of war pushing up inflation risks and possibly forcing central banks around the world to raise interest rates instead of lowering them, bond yields continue to rise. Futures for the S&P 500 index and European stock index both indicate that the market will continue to decline. Brent crude oil slightly rose to $113 per barrel, with a cumulative increase of over 70% so far this year. In Asian trading on Monday morning, Bitcoin was trading at $68,316, up 1.5% in the past 24 hours but down 6% for the week. Ethereum rose 2.7% to $2,059. Alexander Blume, CEO of the US-registered investment advisory firm Doppelprime, said: "The reasons behind the rise in gold and the fall in Bitcoin are more inclined towards structural factors rather than just market trading itself. Some countries have been systematically buying gold, which is part of a larger strategy to reduce dependence on Western markets and the US dollar." However, as conflicts escalate, this buying momentum is starting to reverse as the market currently prioritizes liquidity over safe-haven assets. Blume pointed out that in the current macro environment, Bitcoin spot prices and derivative markets are "performing quite robustly." He said the company's current positioning is to bet on the rise in funding and futures rates in the coming weeks to months, meaning they are taking a contrarian approach: the possibility of a sudden rise in prices in the future is higher than the market's general expectations.