Bitcoin

This conflict threatens oil supply routes, potentially spiking energy prices and reinforcing inflationary pressures. That complicates central bank easing expectations, which are critical for crypto liquidity. Meanwhile, high BTC dominance (altcoins underperforming) suggests investors are already rotating to relative safety within crypto, a pattern that may intensify.

The US launched its first strikes on Iran in a month, hitting sites on Larak Island, and Iran retaliated by targeting bases in Jordan.

US Strikes on Iran Rattle Crypto as Oil Shock Threatens Miners and Fed Path

The Iran Strikes' Real Crypto Impact: Oil Shock, Inflation, and the Fed's Next Move

China's easing factory-gate inflation suggests the oil shock from the Iran war is fading, which could reduce global cost pressures. For crypto, this is a second-order effect: lower global inflation might reduce the urgency for central banks to tighten, but the Fed's path is more critical. Crypto remains driven by liquidity and risk appetite, not China's PPI alone.

China's factory-gate inflation eased for the first time since the Iran war broke out in late February, and consumer prices also decelerated, indicating oil shock cost pressures are fading.