Bitcoin Surprises as Oasis of Calm While Iran War Jolts Markets

Cryptocurrencies have stood out as winners among asset classes since the outbreak of the war with Iran, but the resilience of digital assets may be a matter of timing.

Bitcoin, the largest token, and a cohort of smaller digital assets have been an oasis of calm relative to the volatility in equities, gold and oil. As crude oil has surged more than 40%, bullion is down roughly 5% for the month and the MSCI World Index is down 4%. Meanwhile, Bitcoin pushed through a crucial psychological mark of $75,000 on Tuesday in Asia, taking its gains since the war started ...