Global markets ended the session split along unusual lines as a sharp round-trip in oil prices failed to dictate broader risk sentiment, while Bitcoin (BTC) and gold strengthened as preferred hedges amid intensifying Middle East uncertainty. The whipsaw was triggered after reports that Iran swiftly rejected a 15-point ceasefire proposal presented by the United States, undermining hopes for a rapid de-escalation and pushing crude into extreme intraday volatility.
Bitcoin, Gold Gain as Middle East Tensions Drive Defensive Market Shift
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