Why Bitcoin Lagged the Nasdaq Since the US-Iran Conflict Began

1 month ago 22

Rommie Analytics

The financial landscape in 2026 has completely upended traditional narratives surrounding digital assets. For years, crypto proponents championed $Bitcoin as the ultimate "digital gold"—a safe-haven asset designed to thrive during macroeconomic instability and geopolitical turmoil. However, price action since the onset of the US-Iran war has told a starkly different story.

Data highlights a massive performance gap between the traditional technology sector and the cryptocurrency market, triggering a fundamental re-evaluation of how digital assets respond to global conflict.

The Great Decoupling: Crypto Sinks as Equities Soar

Since the outbreak of the US-Iran conflict, the performance divergence between major indexes and top digital assets has widened significantly:

  • Nasdaq 100 (US 100 Index): Up +20%
  • Bitcoin (BTC): Down -3%
  • Ethereum (ETH): Down -13%

While Wall Street’s tech-heavy Nasdaq 100 benchmark surged to capture major gains—hovering near the 29,000 mark despite a minor 4.77% daily correction—the cryptocur...

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