Bitcoin price is ‘outperforming equities’ due to three reasons, analyst says

Bitcoin is holding steady despite the turmoil of the war in the Gulf, but analysts warn that the price’s strength relies on three factors. The top cryptocurrency is trading around $71,000 as the Iran war enters its fourth week, some 43% below its $126,000 October all-time high. Bitcoin is “demonstrating resilience in the face of a genuine macro shock,” Rachael Lucas, crypto analyst at BTC Markets, told DL News. Lucas notes that Bitcoin has gained roughly 7% since hostilities began, “outperforming equit ...