Bitcoin climbs the wall of worry amid escalating Iran war and stock market losses

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin climbs the wall of worry amid escalating Iran war and stock market losses BTC holds near $70,000 and outperforms major assets during Middle East tensions, even as derivatives data and fear indicators signal deep market pessimism. By James Van Straten | Edited by Omkar Godbole Mar 12, 2026, 10:51 a.m. Make us preferred on Google What to know : Bitcoin has risen about 7% since the Middle East conflict escalated on Feb. 28, outperforming the S&P 500, Nasdaq 100, gold and silver, while holding steady near $70,000 even as Brent crude briefly pushed back toward $100 per barrel. Despite the stable price action, sentiment remains weak, with bitcoin funding rates negative since early March and the crypto fear and greed index in extreme fear territory, highlighting a disconnect between market positioning and price resilience. Bitcoin BTC $ 70,388.41 remains pinned around $70,000, showing impressive price stability even as market sentiment remains deeply pessimistic amid the Iran war and oil price volatility. Crypto’s fear and greed index , a widely tracked sentiment indicator, has persistently signaled extreme fear in recent weeks, suggesting traders remain cautious despite the lack of a major price breakdown. Market positioning also paints a dour picture. Annualized funding rates for bitcoin perpetual futures have been negative since early March, reflecting a growing bias for bearish short bets. The current stretch marks the longest period of negative funding since April 2025, when bitcoin ultimately formed a market bottom, around $76,000. This is consistent with fear on Wall Street, where the VIX index jumped to 25 this week, its highest in over a year. Yet bitcoin’s price action has been notably resilient. Since the escalation of the Middle East conflict on Feb. 28, the largest cryptocurrency has gained roughly 7%. That compares favorably with other major assets over the same period. The Nasdaq 100 has been largely steady while the S&P 500 has dropped about 1%, gold has slipped roughly 3% and silver has fallen nearly 9%. This is in addition, to brent crude briefly pushing back above $100 per barrel earlier today amid ongoing tensions in the region. The contrast was also visible during Wednesday’s U.S. trading session. BlackRock’s iShares Bitcoin Trust (IBIT) traded 1% higher. While major equity benchmarks were in the red, including the S&P 500 (SPX), the Nasdaq 100 (QQQ), the Russell 2000 (IWM) and the Dow Jones Industrial Average (DJI), highlighting bitcoin’s relative resilience during U.S. market hours. The outperformance likely stems from big traders and institutions snapping up coins in privately negotiated transactions, keeping demand steady. For now, bitcoin appears to be performing better than the market mood surrounding it, holding steady despite persistent fear across the broader financial landscape. Bitcoin News More For You Bitcoin steady near $70,000 as rising open interest hints at cautious, bearish positioning By Oliver Knight , Omkar Godbole | Edited by Sheldon Reback 19 minutes ago Bitcoin traded around $69,800 as open interest rose to $102 billion, suggesting defensive, bearish bets while altcoins outperformed in a risk-off macro backdrop. What to know : Bitcoin has traded in a tight $69,000–$71,700 range for 48 hours, even as the Middle East conflict pushed oil back up toward $100 and pressured global equity markets. Crypto futures open interest rose 2% to $102 billion, but flat-to-negative funding rates and cumulative volume delta suggest traders are adding cautious bearish positions rather than aggressive longs. Altcoins are showing relative strength: HYPE, SKY and TAO gained while NIGHT fell 10% after its Binance listing triggered selling from holders. Read full story Latest Crypto News Bitcoin steady near $70,000 as rising open interest hints at cautious, bearish positioning 19 minutes ago Tokenized crude oil: Inside LITRO’s blockchain pilot ahead of its 2027 launch 3 hours ago Asia’s biggest bitcoin buyer now wants to build the BTC ecosystem 3 hours ago Across's acx rockets 80%, massively beating bitcoin, on plans to dump its DAO structure 4 hours ago Crypto code commits fall 75% as developers move to AI projects 4 hours ago XRP steadies near $1.38 as Bollinger squeeze hints at breakout before CPI 5 hours ago Top Stories Bonk.fun hacked: Domain hijacked, crypto drainer planted 6 hours ago SEC, CFTC end years of rivalry with deal that will mean combined crypto oversight 11 hours ago Wells Fargo signals deeper push into crypto, filing trademark for WFUSD 19 hours ago Senate Democrats push prediction market limits, including banning bets on war, death Mar 11, 2026 In this article BTC BTC $ 70,388.41 ◢ 1.12 %