Bitcoin barely blinks as U.S. hits Iran, sending oil higher and stocks lower
BTC remains August's best-performing asset after the latest escalation in geopolitical tensions.
Source: CoinDesk
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DW NOTE
Bitcoin up 26.6% in August while the Strait of Hormuz sits closed and two thousand ships idle in the Gulf. Oil has fallen 4.2% this week despite a projected 4.3 million barrel-per-day supply decline for the year. The decoupling isn't a sign of Bitcoin's maturity — it's a sign that nothing prices coherently anymore.