US strikes on Iran rattle markets as Bitcoin’s safe-haven narrative gets another test

The US military executed another round of strikes on Iran following attacks on ships in the Strait of Hormuz. These escalating Middle East tensions have rattled global markets, potentially leading to sustained volatility and impacting the global oil supply. Consequently, the current geopolitical instability is serving as a new test for the safe-haven narrative of Bitcoin, as investors react to the increased risks associated with the conflict between the US and the Islamic Republic.