Bitcoin posted strong gains of nearly 3% in daily trading, showing resilience as global markets largely ignored escalating geopolitical tensions between the United States and Iran, while oil prices retreated from earlier highs.

The cryptocurrency, Bitcoin (BTC), rebounded after a brief dip and climbed above 2.5% intraday gains, despite earlier concerns triggered by renewed geopolitical instability and uncertainty around the Strait of Hormuz.

Broader financial markets also showed limited reaction. US equities recorded only mild losses, while crude oil prices initially spiked toward $90 before pulling back as traders reassessed risk exposure.

Market sentiment was influenced by remarks from US President Donald Trump regarding diplomatic discussions involving Iran, including negotiations reportedly taking place in Pakistan. His comments appeared to downplay the severity of the Strait of Hormuz developments, easing immediate panic in global markets.

Analysts from trading firm QCP Capital noted that volatility remains unusually subdued despite geopolitical risks, suggesting that investors are pricing in a “gradual escalation” scenario rather than a full-scale shock event.

However, some market analysts warned that Bitcoin’s recent strength may not be fully organic. On-chain analyst J. A. Maartunn from CryptoQuant suggested that much of the upward momentum is being driven by institutional accumulation particularly from Strategy alongside speculative trading activity.

According to the analysis, Bitcoin continues to face strong resistance near key levels, including short-term holder cost basis around $83,000. While long-term holders continue accumulating, analysts say the market still lacks confirmation of a sustained bullish breakout.

Despite the uncertainty, Bitcoin’s ability to hold gains while traditional risk assets remain stable highlights its evolving role as both a speculative and macro-sensitive asset in global markets.