Bitcoin

This escalation occurs amid a fragile geopolitical landscape, with the market already pricing in high greed (Fear & Greed at 70). Historically, crypto has shown resilience to regional conflicts but remains vulnerable to oil supply shocks and US dollar strength, which could drain liquidity from risk assets.

Yemeni government announced a major offensive against Houthis while Iran stated it is ready to defend itself if the US attacks.

Yemen Orders Major Offensive on Houthis as Iran Signals Readiness to Defend Itself

Iran's defense posture could trigger a regulatory domino effect, pushing Middle Eastern sovereign funds to accelerate Bitcoin adoption as a sanctions-proof reserve.