US stocks aren’t safe in heated global tensions anymore originally appeared on TheStreet.
Bitcoin’s long-held belief as a major volatile asset has been challenged amid the Iran-Israel conflict.
On June 21, the United States carried out a strike on Iran, where it bombed three of its main nuclear facilities — Fordo, Natanz, and Isfahan. While Bitcoin briefly fell from $103,000 to $100,000, it never dropped below the $100,000 mark, unlike in previous cycles.
As of June 23, Bitcoin’s 60-day realized volatility had fallen to approximately 27% to 28%, according to Bitwise Europe’s André Dragosch, which is lower than the S&P 500, which declined by 30%, the NASDAQ 100 by approximately 35%, and “Magnificent 7” by 40%.
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The “Magnificent Seven” are the top seven U.S. tech stocks that have performed exceptionally well: Apple, Microsoft, Amazon, Nvidia, Alphabet, Meta, and Tesla.
However, this is not a one-off situation for Bitcoin. Historically speaking, Bitcoin’s volatility has been the lowest.
In February 2022, Bitcoin hit volatility levels of 60% to 65% during the onset of the Russia-Ukraine conflict, showing a stark difference from the current pattern, per data available on Glassnode.
Analysts also suggest that the difference is mainly attributed to long-term holders and the use of institutional investors.
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According to the Glassnode data, over 30% of Bitcoin’s circulating supply is controlled by just 216 centralized entities — like exchange-traded funds (ETFs) issuers, crypto exchanges, and corporate treasuries — compared to long-term holders, who now control a record 14.53 million BTC.
Arthur Hayes, the co-founder of BitMEX, believes the price trajectory for BTC will remain bullish, supported by both central bank policies and investor confidence.
At press time, Bitcoin was trading at $101,197.17, up by 2.16% in the last 24 hours, as per Kraken’s price feed.
US stocks aren’t safe in heated global tensions anymore first appeared on TheStreet on Jun 23, 2025
This story was originally reported by TheStreet on Jun 23, 2025, where it first appeared.
