$BTC Bitcoin Resilient Amid Global Turmoil, Gold and Stocks Pressured

Turmoil in the Middle East is triggering uncertainty in global financial markets. Amid these conditions, Bitcoin is showing resilience with gains of around 12% over the last 60 days, trading in the range of US$70,000–US$71,000 per Tuesday (24/03/2026).

Meanwhile, the S&P 500 stock index fell around 4%, and gold prices corrected by as much as 16%, recording the largest decline since 1983 with levels around US$4,400 per troy ounce. This situation is making investors increasingly view Bitcoin as an alternative hedge.

"Bitcoin's decentralized characteristics, 24-hour tradability, and independence from conventional banking systems make it relevant amid the disruption of financial system stability caused by geopolitical conflict," said Antony Kusuma, Vice President of Indodax in a press statement.

According to JPMorgan's Head of Metals Strategy, Greg Shearer, the decline in gold prices was triggered by selling pressure amid a surge in oil prices due to Middle East conflict, which raised inflation concerns.

Pressure also came from US dollar strengthening and rising bond yields, making gold less attractive compared to assets that provide regular returns.

Escalating tensions in the Strait of Hormuz region are increasing inflation risks due to surging energy prices, driving expectations that the Fed will maintain higher interest rates for longer. Under these conditions, gold, which provides no returns, tends to lose appeal, particularly for institutional investors.

Although Bitcoin is showing resilience, the crypto market remains volatile with cautious sentiment. Macroeconomic factors such as inflation and interest rate policy are expected to continue influencing price movements going forward.

Investors are advised to maintain focus on risk management and understand market dynamics before making investment decisions.