Bitcoin

Middle East risk has been a persistent background bid for energy and a headwind for risk appetite; any diplomatic off-ramp reduces the tail-risk of a Saudi–Iran proxy escalation, which historically spikes oil and strengthens the dollar/VIX. With BTC -3.22% over 7d and high dominance, the market is defensive and macro-driven, so geopolitics can act as a marginal catalyst rather than a primary driver.

Officials from states party to the Mecca pact are to hold talks in Iran, marking the first high-level contact between Iran and the bloc since Houthi rebels escalated attacks on Saudi Arabia.