Bitcoin is a real-time sentiment gauge for weekend warmongering
Bitcoin reacted to Iran war news while stock markets were closed, showing how crypto is becoming a real-time gauge of macro risk.
Crypto markets became the first outlet for investor reaction after US and Israeli strikes on Iran rattled global sentiment over the weekend.
At around 7:30 am (UTC) on Saturday, or in the wee hours of Wall Street, US President Donald Trump posted a video to announce that the US and Israel had launched attacks against Iran. Bitcoin (BTC) immediately reacted and dropped to around $63,000.
Meanwhile, traders rushed to crypto-native platforms to trade commodities futures while traditional markets remained closed.