Bitcoin

Geopolitical tensions in the Middle East have been a key driver of oil and safe-haven flows. A reduction in Houthi capability could lower the geopolitical risk premium, but with Bitcoin trading at $83,565 in a neutral-to-greedy market (Fear & Greed: 57), the effect is likely muted. Crypto markets are currently focused on macro factors and ETF flows, not regional conflicts.

BBC's Orla Guerin traveled with Yemen's southern national security forces to a remote desert battlefield where Houthi rebels were dislodged days earlier.