Bitcoin

Iran has historically been a hotspot for crypto mining and peer-to-peer trading as a hedge against hyperinflation and capital controls. This event is another data point in a global trend where economic distress and sanctions drive crypto adoption in emerging markets. For the broader market, it reinforces the narrative of Bitcoin as 'digital gold' for those outside the traditional financial system, even if the immediate price impact is muted.

Iran faces a medicine crisis as chemotherapy costs soar to six times the monthly minimum wage, leading patients to delay or abandon treatment.