Bitcoin

Traditional markets are pricing in a 'bad news is good news' narrative (hoping for dovish Fed), while crypto is being treated as a pure risk asset with no safe-haven bid. This divergence suggests crypto is more vulnerable to a sudden risk-off shock if the Iran situation escalates. The extreme fear reading (25) in crypto indicates potential capitulation, but also a contrarian opportunity if stocks hold.

Wall Street indices surged to a string of record highs despite investor anxiety over economic fallout from the Iran war.