#密码资产动态追踪 Geopolitical conflicts arise, asset performance divergence

Recently, I have read many discussions about the impact of Middle East tensions on financial markets and want to talk about two key assets: gold and Bitcoin, and their differing performances. This topic is actually worth the attention of traders.

**Gold: The preferred safe haven, inversely related to risk**

When war or major geopolitical events occur, the traditional financial logic for fund allocation is very clear—flee to gold. How strong is the correlation between gold and conflicts? During the Israel-Hamas conflict in 2025, gold prices soared to over $3,400, reaching a historical high. The reason is straightforward: gold is backed by physical assets, central banks around the world hold it, and conservative investors trust it. Its volatility is relatively moderate, making it a "safe house" during times of risk.

**Bitcoin: Called "Digital Gold," but behaves differently**

$BTC claims to be digital gold, but it fails when risk hits. When war news breaks, panic selling in the stock market immediately triggers a chain reaction in the crypto market. Why? Because high-leverage positions can cause chain liquidations, and when investors rush to convert to cash, 24-hour trading Bitcoin becomes the fastest exit. Historical data shows that after conflict news emerges, $BTC often drops 3-7% within hours, and only slowly recovers once the situation stabilizes.

**In simple terms**: When a crisis erupts, gold surges while Bitcoin plunges. This reflects the market's true choice during panic—risk assets are sold first, and safe assets flow in first. The rhythm of other cryptocurrencies like $ETH is quite similar.