Economy Politics Local 2026-03-02T16:57:06+00:00

Market Volatility Amid Geopolitical Tension

Global markets are volatile after US and Israel's military actions against Iran. Gold and silver rise as safe-haven assets, while Bitcoin behaves as a risky asset. Analysts assess the crypto market's consolidation.


Market Volatility Amid Geopolitical Tension

Following an initial drop to $63,000, the cryptocurrency stabilized near $66,192, with a marginal change of +0.64% in the last few hours. Sector specialists estimate that the asset is in a technical consolidation phase, with the market evaluating whether it will act as a store of value or succumb to a general liquidation of variable assets. Meanwhile, global financial markets are experiencing a day of high volatility on Monday following the start of joint military operations by the United States and Israel against Iran over the weekend, but major assets are trading slightly higher due to their status as safe havens. Gold reached a four-week high, trading at $5,392.13 per ounce, representing a 2% increase in the last 24 hours. The spot price touched $5,419 during the Asian session. The consideration of this asset as a 'safe haven' is based on risk aversion due to the possible closure of the Strait of Hormuz, a vital corridor for energy trade. Silver, for its part, rose 1.48%, standing at $95.20 per ounce, according to records confirmed by Noticias Argentinas agency. Analysts attribute this movement not only to geopolitical tension but also to a structural deficit in physical supply, which pushes the price towards the psychological resistance of $100. In contrast, Bitcoin (BTC) shows behavior as a risky asset.

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